US corn inspected for export down 11.5% on week, but up 179.5% on year

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The amount of US corn inspected for export in the week ended November 8 totaled 1.134 million mt, down 11.5% from the previous week, data from the Department of Agriculture showed Tuesday.

The most recent reporting period’s total was 179.5% higher than the year-ago week, according to the USDA’s weekly Federal Grain Inspection Service report.

The largest share of US grain exports last week were soybeans, at 46.6% of the total grains inspected for export. Corn was second at 40.7%, followed by wheat at 12.2%.

In the first 68 days of the 2018-2019 marketing year, the amount of US corn inspected for export totaled 11.107 million mt, 86.4% higher than the same period in the previous marketing year and 17.9% of the USDA’s projection of 62.233 million mt for the current marketing year.

spglobal.com