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U.S. Wheat and Corn Inspections Rise; Soybeans Decline

U.S. export inspections of wheat and corn increased in the week ended Nov. 5, while soybean inspections fell from the previous week, according to the U.S. Department of Agriculture. Year-on-year comparisons were weaker for wheat and corn but stronger for soybeans.

U.S. Wheat and Corn Inspections Rise; Soybeans Decline

Wheat inspections rose to 248,536 metric tons from 100,075 tons the previous week, the USDA said Monday. That was below the 291,443 tons inspected in the same week a year earlier. Marketing-year-to-date wheat inspections totaled 7.8 million tons, compared with 12.12 million tons at the same point last year.

Corn inspections edged up to 905,267 tons from 898,391 tons a week earlier, but remained below the 1.48 million tons recorded in the year-earlier week. The marketing-year total was 11.59 million tons, down from 13.79 million tons a year ago.

Soybean inspections fell to 1.9 million tons from 2.51 million tons the previous week. They were above the 1.12 million tons recorded in the same week last year. Year-to-date soybean inspections reached 14.15 million tons, compared with 8.93 million tons a year earlier.

Vietnam was the leading destination for wheat, Mexico for corn and China for soybeans.

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