The cooling in corn shipments coincides with broader downward pressure on the Chicago Board of Trade, where corn futures slipped 1.1% in morning trading. While Mexico remains the primary destination for U.S. corn, wheat, and soybeans, the overall export pace shows mixed results across major commodities. Soybean inspections dropped significantly to 241,045 tons, down from 533,438 tons the prior week, though the figure remains above the 202,391 tons recorded at this time last year. Wheat bucked the downward trend, reaching 393,150 tons compared to 358,098 tons last week and 254,882 tons a year ago. Following the release of the USDA report, wheat futures traded 0.8% lower, while soybean prices remained flat.
U.S. Corn Exports Slip as Market Prices Retreat
U.S. corn export inspections fell to 1.45 million metric tons for the week ending June 18, marking a decline from both the previous week’s 1.65 million tons and the year-ago figure of 1.5 million tons, according to the latest Department of Agriculture data.
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