Soybean inspections for overseas delivery increased week-on-week, while corn valuations were modestly lower, according to U.S. Department of Agriculture (USDA) data released by the agriculture.com. Soybean inspections for the seven days ending October 13 rose to 1.88 million metric tons from 976,877 tons a week earlier, the agency said in a report.

This is still well below the 2.45 million tons assessed in the same week a year earlier.Corn surveys for offshore delivery fell to 448,423 metric tons from 457,366 tons the previous week and well below the 1.04 million tons surveyed in the same week in 2021, the USDA said.

Wheat valuations last week fell to 231,842 metric tons from 615,868 tons a week ago, the government said. This is still higher than the 141,849 tons examined at the same point last year. Since the beginning of the year of marketing on September 1, the USDA has inspected 3.29 million tons of corn for delivery abroad, down from 4.17 million tons in the same period a year earlier.

Soybean valuations since early September are now 4.67 million tons, down from 6.04 million tons in the same period in 2021, the agency said. Wheat inspections since the beginning of the grain trading year on June 1 are now at 9.36 million metric tons of 9.34 million tons, the USDA said in its report. Freezing warnings have spread across much of the southern U.S. and now range from Colorado to the Atlantic Ocean and northern Kansas to the south to the Gulf Coast, according to National Weather Service maps.

Source: Agrolink