Export inspections of corn, soybeans, and wheat decrease, while corn inspections continue to outpace last year
- U.S. grain export inspections down from previous week
- Corn, soybean, and wheat inspections all lower
- Corn inspections 35% higher than last year
- Soybean and wheat inspections below last year’s pace
- CBOT grains higher in trading
U.S. grain export inspections have dropped from the previous week, according to the latest report from the Agriculture Department. Corn, soybean, and wheat inspections are all lower for the week ended Feb. 29 compared to the previous week. Corn inspections totaled 1.08 million metric tons, soybean inspections totaled 1.02 million tons, and wheat inspections totaled 353,137 tons. Despite the decrease in corn inspections, the gap between this year and last year’s export pace continues to widen, with corn inspections 35% higher for the current marketing year. However, soybean and wheat inspections remain below last year’s pace, with soybean inspections 20% lower and wheat inspections 17% lower. In trading on Monday, CBOT grains saw an increase, with corn up 1.5%, soybeans up 0.7%, and wheat up 1%.
Factuality Level: 8
Factuality Justification: The article provides specific data on U.S. grain export inspections for corn, soybeans, and wheat, comparing the current week to the previous week and to the same period last year. The information is factual and based on the latest report from the Agriculture Department. There are no apparent digressions, misleading information, sensationalism, redundancy, or opinion presented as fact. The article focuses on the main topic of grain export inspections and provides relevant details without unnecessary background information.
Noise Level: 3
Noise Justification: The article provides relevant information about U.S. grain export inspections, including data on corn, soybeans, and wheat inspections. It also compares the current year’s export pace with the previous year, giving insights into the trends. The article stays on topic and supports its claims with data. However, it lacks in-depth analysis, antifragility considerations, and actionable insights, which could have elevated its rating.
Financial Relevance: Yes
Financial Markets Impacted: Grain markets
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the decrease in U.S. grain export inspections, specifically corn, soybeans, and wheat. While there is no mention of an extreme event or its impact, this information is relevant to financial markets, particularly the grain markets.
Key People: Kirk Maltais (Author)
www.marketwatch.com 
