Corn Down, Wheat and Soybean Up – Weekly Report

  • U.S. weekly corn export inspections fell last week after a strong previous week
  • Wheat and soybean inspections also increased
  • South Korea was the main destination for wheat, Mexico for corn and soybeans
  • Grains futures mostly lower on Chicago Board of Trade

The latest U.S. Department of Agriculture report reveals a decline in weekly corn export inspections, while wheat and soybean inspections increased. South Korea was the primary destination for wheat exports, and Mexico bought the most U.S. corn and soybeans. Grains futures on the Chicago Board of Trade show corn down 0.8%, wheat off 1%, and soybeans up 0.1%.

Factuality Level: 9
Factuality Justification: The article provides accurate information about corn, wheat, and soybean inspections, compares the numbers to previous weeks and years, and mentions the top buyers of these grains. It also reports on the changes in grains futures on the Chicago Board of Trade. The information is relevant, objective, and well-structured without any apparent bias or misleading statements.
Noise Level: 3
Noise Justification: The article provides relevant information about corn, wheat, and soybean inspections and exports, but it lacks analysis or exploration of long-term trends or consequences. It also does not offer actionable insights or new knowledge for the reader.
Key People: Anthony Harrup (Author)

Financial Relevance: Yes
Financial Markets Impacted: Grains futures on the Chicago Board of Trade
Financial Rating Justification: The article discusses changes in corn, wheat, and soybean inspections and their impact on exports, which affects the financial markets through grains futures trading on the Chicago Board of Trade.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours in this article.
Move Size: No market move size mentioned.
Sector: Agriculture
Direction: Down
Magnitude: Small
Affected Instruments: Futures

Reported publicly: www.marketwatch.com