US corn inspected for export falls 9.4% on week, up 31.3% on year.

The amount of US corn inspected for export in the week that ended June 7 dropped 9.4% week on week to 1.41 MMT. Still, the figure is 31.3% higher than the 1.04 MMT inspected for export in the year-ago week. The largest share of US grain exports last week was corn, at 58% of the total grains inspected for export. Soybeans were second at 26.5%, followed by wheat at 15.2%. In the 40 weeks since the current marketing year began September 1, 2017, the amount of US corn inspected for export totaled 40.97 MMT, 9.8% lower than in the same period the previous marketing year and 72.5% of the USDA’s 56.5 MMT projection for the current marketing year ending August 31.