This article is taken from the November 9, 2023 USDA Grain Transportation Report.
For the week ending November 2, wheat inspections were the lowest since records began in January 1983. Totaling 71,608 metric tons (mt), wheat inspections were down 64% from the week ending October 26 and down 61% from the same week in MY 2022/23. (The previous low of 85,672 mt occurred in late December 2022.)
To date for the marketing year, having declined throughout the year, wheat inspections are down 61% from the same time in MY 2022/23. The Texas Gulf and Mississippi Gulf ports show the largest declines — with inspections down 70% and 20%, respectively, from the same time last year.
For the latest MY 2023/24 wheat projections and analysis, see the November World Agricultural Supply and Demand Estimates report.