US corn inspected for export climbs 10.3% on week, 7.1% on year.

The amount of US corn inspected for export in the week ended December 28 increased 10.3% week on week to 683,898 MT. The volume inspected was 7.1% higher than the 638,577 mt inspected for export in the year-ago week. Most of the US’ grain exports continued to be soybeans, with 51% of the total inspected for export, compared with 31% for corn. In the 17 weeks since the current marketing year began on September 1, the amount of US corn inspected for export totaled 10.54 million mt, 38.2% less than in the same period in the previous marketing year and 21.6% of the USDA’s 48.898 million mt projection for the year.