Corn export inspections will increase

According to data from the US Department of Agriculture (USDA), corn inspections for foreign delivery increased weekly, while bean and wheat assessments declined. Maize export surveys for the seven days ended February 16 were reported at 622,841 metric tonnes, up from 563,448 tonnes a week ago, the agency said in a statement.

This is much lower than the 1.58 million metric tons inspected in the same week a year ago. Meanwhile, soybean inventories fell to 1.58 million tonnes from 1.69 million tonnes in the previous week, the government said. Export wheat selections fell to 373,429 tonnes from 472,327 tonnes last week, the USDA said.

Since the start of the campaign, on September 1, the government has inspected 13.7 million tonnes of corn for export. This is much lower than the estimated 21.6 million tonnes during the same period last year. Soybean inspections since early September now stand at 41.4 million metric tons, up from 40 million tons inspected in the same week a year ago, the agency said. Wheat estimates from the beginning of the grain’s marketing year on June 1 now stand at 14.7 million tons, just behind the 15.1 million tons surveyed at this point in 2022, the USDA said in its report.

Blizzard and winter storm warnings are in effect for much of the central and northern United States, with snow, ice and wind expected from Nevada to the Northeast, according to maps from the National Weather Service. Much of eastern South Dakota and parts of North Dakota and Minnesota are under a blizzard warning until noon tomorrow, the NWS said in a statement this morning.