Grains/USA: Volume of Soybeans Inspected for Export Falls 36% in the Week; Corn Increases 13.37%

US Grain Inspections: Corn Gains While Soybeans and Wheat Slip

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The volumes of soybeans and wheat inspected at US ports decreased in the week ending August 1, while those of corn increased. The data were published (5th) by the US Department of Agriculture (USDA) in its weekly report on grain shipment inspections from the country.

Mintec Global
  • The volume of soybeans inspected for export at US ports fell 36% in the week, to 261,203 tons.
  • The volume of corn was 1.21 million tons, an increase of 13.37% compared to the previous week.
  • The inspected volume of wheat, in turn, decreased 2.87% to 440,888 tons.

The report shows the volumes of grains inspected for export in the accumulated crop year starting on June 1, 2024 for wheat and on September 1, 2023 for corn and soybeans. 

GRAIN EXPORTS FOR THE WEEK ENDING AUGUST 1, 2024

Grain

08/01/2024

07/25/2024

08/03/2023

Wheat 440,888 tons  453,904 tons  318,599 tons
Corn 1,213,422 tons  1,070,320 tons 387,973 tons
Soybeans 261,203 tons 408,582 tons 290,738 tons

U.S. GRAIN EXPORTS YTD

Grain

 Current Crop Year

Previous Crop Year

Wheat 3,539,173 tons 3,059,326 tons
Corn  47,887,744 tons 35,212,052 tons
Soybeans 43,031,067 tons  50,807,842 tons