US export inspections fell

According to data from the United States Department of Agriculture (USDA), surveys for foreign deliveries of soybeans and wheat declined, while soybean estimates improved. Corn inspections for the seven days ended September 28 fell to 625,870 tonnes from 710,605 tonnes in the previous week, the agency said in a statement.

This is also lower than the 683,612 tonnes estimated in the same week last year. Wheat inspection for export fell to 397,594 tonnes from 485,712 tonnes in the previous week, the government said. The previous year’s explorations totaled 667,626 tonnes. Soybean estimates last week were reported at 663,355 metric tons, up from 507,630 tons inspected a week ago and ahead of 609,696 tons inspected the same week in 2022, the USDA said.

Since the start of the trading campaign on September 1, the company has inspected 2.64 million metric tonnes of maize for export. This is higher than the 2.38 million tonnes estimated during the same period last year, the government said.

Soybean surveys since early September now stand at 1.97 million metric tons, up from 1.82 million tons in the same period last year. Estimates for wheat from the beginning of the grain’s marketing year on June 1 now stand at 6.06 million metric tons, down from 8.52 million assessed at this time in 2022, the USDA said in its report.

Dry weather has hit eastern Iowa and northern Illinois, creating conditions for wildfires, the National Weather Service said in a statement this morning. “Exceptionally warm temperatures and southeast winds gusting to 30 mph will lead to high fire danger in agricultural areas today,” the NWS said.