For the week ending Oct. 29, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions totaled 3.2 million metric tons (mmt). Total grain inspections were down 21% from the previous week, up 50% from last year, and up 19% from the 3-year average.
The drop in inspections was driven by a 28% decrease in wheat inspections, destined primarily to Latin America, and a 26% decrease in soybean inspections, destined mainly to Asia. Corn inspections, however,...