Corn beats expected US trade inspections, but soy and wheat lag.

US corn inspections in the week ending February 22 came out higher than analysts expectations, but soybeans and wheat expectations fell short of the expected ranges. Corn continued its strong trend, beating the upper end of analysts’ 800,000-1.05 million expectations as 1.31 million mt was inspected. This was up 367,754 mt on the previous week, but still some 154,000 mt short of the same period in 2017. The cumulative total for the current campaign is just shy of 18 million mt exported, which is 31% behind last year.