U.S. soybean export inspections surged last week, while corn and wheat inspections declined from the previous week, according to the USDA. For the week ending October 15, soybean inspections totaled just over two million metric tons, up from 1.11 million tons the previous week and 1.59 million tons during the same week last year. Corn inspections fell to about 672,000 metric tons, down from 1.31 million tons a week earlier and 1.32 million tons a year ago. Wheat inspections totaled approximately 240,000 metric tons, compared with 307,000 tons the previous week and nearly 493,500 tons during the same period last year. Since the marketing year began September 1, corn inspections have reached 9.13 million metric tons, down from 9.35 million a year ago. Soybean inspections stand at 7.16 million tons, up from 5.65 million. Wheat inspections since June 1 total 7.22 million metric tons, compared with 11.2 million tons during the same period last year.
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