Chicago — The amount of US corn inspected for export in the week ended September 13 was at 1,030,267 mt, up 31.50% from the 783,495 mt inspected in the previous week, data from the Department of Agriculture showed Monday.
The amount of corn inspected was 49.75% higher than the 687,996 mt inspected in the year-ago week, according to the report from the Federal Grain Inspection Service.
The largest share of US grain exports last week was corn, with 46.36% of the total grains inspected for export. Soybeans were second at 35.31%, followed by wheat with 18.27%, according to the data.
For the current marketing year starting September 1, 2018, the amount of US corn inspected for export has totaled 1,708,788 mt. This is 25.1% higher than the same period the previous marketing year and is 2.86% of the USDA's projection of 59.693 million mt for the current marketing year ending August 31, 2019.
The data showed the total amount of US corn that was inspected leaving the US Gulf Coast was 592,449 mt - 571,799 mt of yellow corn and 20,650 mt of white corn. The top destinations were Mexico with 112,081 mt of yellow corn, Peru with 106,319 mt of yellow corn, and Colombia with 81,165 mt of yellow corn and 14,150 mt of white corn.
The amount of US corn inspected leaving the US Pacific Coast was 238,525 mt of yellow corn. The top destinations were Japan with 105,214 mt, China with 67,233 mt and South Korea with 66,078 mt.
US corn that was inspected leaving the Interior region totaled 180,398 mt - 163,933 mt of yellow corn and 16,465 mt of white corn. The top destinations were Mexico with 142,215 mt of yellow corn and 16,465 mt of white corn, and China with 19,613 mt of yellow corn.
US corn inspected for export is corn that has been sold and is inspected during loading at export locations for shipments overseas. Traders consider the pace needed to meet the USDA projection an indicator of demand.
Corn is the primary feedstock for ethanol production in the US and is the main competitor for dried distillers grains.
