USDA Weekly Grains Inspected for Export Report (Feb. 22): Inspections Keep Shrinking, Soybeans Fail to Recover
Total grain inspections went down another 12% for the week ending Feb. 18, according to today’s Grains Inspected and/or Weighed for Export report by the U.S. Department of Agriculture (USDA).
The Feb. 22 report shows the total dropping from 2.7 million metric tons to 2.6 million.
The largest loser was soybeans, which declined from 922,181 metric tons the previous week to 721,845 last week for a loss of nearly 22%.
The decrease follows a much larger one (57.5%) for soybeans during the ending Feb. 11.
Soybean inspections have not made up the largest proportion of grain inspections for export since the week ending Feb. 4.
That distinction has gone to corn the last two weeks, with its inspections declining less last week than the week before — 1.2 million metric tons compared to 1.3 million, for a reduction of 6.3%.
Last week sorghum inspections for export increases, while wheat inspections declined.
For the full USDA report, click here.
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