Weekly USDA report shows significant drop in grain export inspections

  • U.S. grain exports fell last week
  • Wheat export inspections down to 273,671 metric tons
  • Corn inspections down to 569,735 tons
  • Soybeans inspections down to 961,694 tons
  • Wheat exports for the year down to 9.6 million tons
  • Soybeans inspections for the year down to 23.3 million tons
  • Corn inspections for the year up to 11.95 million tons
  • CBOT session: soybeans down 2%, wheat down 1.8%, corn down 1.4%

Inspections of U.S grains fell in the week ended Dec. 28, according to the latest USDA report. Wheat export inspections were down to 273,671 metric tons, corn inspections declined to 569,735 tons, and soybeans inspections dropped to 961,694 tons. In the current market year, wheat exports totaled 9.6 million tons, soybeans inspections declined to 23.3 million tons, and corn inspections rose to 11.95 million tons. As a result, CBOT prices saw a decline in today’s session, with soybeans falling 2%, wheat down 1.8%, and corn down 1.4%.

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Factuality Level: 8
Justification: The article provides specific data from the USDA’s weekly report on grain inspections, including the amounts of wheat, corn, and soybeans inspected. The information is presented without any obvious bias or opinion. However, the article is short and lacks additional context or analysis, which could have provided a more comprehensive understanding of the situation.

Noise Level: 7
Justification: The article provides specific data on the decline in U.S. grain inspections, including wheat, corn, and soybeans. It also mentions the comparison to previous weeks and the previous year. However, it lacks analysis or explanation for the decline and does not provide any actionable insights or solutions.

Financial Relevance: Yes
Financial Markets Impacted: Grain markets and companies involved in grain exports

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides information on the decline in U.S grain export inspections, which is relevant to financial markets and companies involved in grain exports. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com