A USDA report says inspections of corn and soybeans jumped week to week while wheat assessments declined during the week ending on October 17.
Corn inspections rose to almost one million metric tons, up from 506,000 the prior week and 472,000 tons during the same week last year. Examinations of soybeans for overseas delivery also jumped to 2.43 million metric tons, up from 1.91 million tons the previous week. However, that total was lower than the 2.63 million tons inspected during the same week last year. Wheat inspections dropped to 268,000 tons, down from 380,000 the week before but still notably higher than the 170,000 tons assessed at the same point in 2023.
Since the marketing year began, USDA has inspected 5.79 million metric tons of corn, higher than in 2023 at the same time. Soybean inspections are at 7.9 million metric tons, down from 8.1 million in 2023.