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Corn Export Inspections Slide

Export inspections for U.S. corn exports have fallen this week, with China continuing to be a leading destination according to data from the USDA.

In the agency’s weekly grain export inspections report released Monday, corn inspections totaled 1.41 million metric tons for the week ended June 3. That’s down from 2.1 million tons reported last week.

The leading destinations for U.S. corn include China, Mexico, and Japan.

Meanwhile, soybean and wheat export inspections are higher from the previous week, at 237,108 tons and 418,547 tons. The leading destinations for U.S. soybeans include Indonesia, Mexico and Malaysia, while U.S. wheat destinations include the Philippines, Mexico, and China.

Grain futures on the Chicago Board of Trade are higher Monday, with corn up 0.5%, soybeans up 0.3%, and wheat up 0.2%.
Source: Dow Jones

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