USDA data shows inspections of corn and wheat for offshore delivery increased week-to-week while soybean assessments dropped during the week ending on December 21. Corn inspections during those seven days rose to 1.98 million metric tons. That’s up from the previous week of almost 960,000 tons and the 922,000 inspected during the same week in 2022. Wheat assessments reached 428,700 tons, a sharp jump up from 285,000 tons the previous week. Soybean inspections fell to 1.07 million tons from 1.43 million during the prior week. That’s also down from the 1.79 million tons inspected during the same week last year.
Since the start of the marketing year, USDA has inspected 11.2 million metric tons of corn, well ahead of last year. Soybean assessments are now at 22.3 million tons, down from 27.3 million last year. Wheat inspections now stand at 9.33 million tons, down from 11.8 million during last year.