Core Insights - The USDA reported a slight decrease in U.S. grain export inspection volumes for the week ending January 29 [1][2] Grain Export Inspection Summary - U.S. corn export inspections totaled 1.14 million tons, down from 1.55 million tons the previous week and 1.26 million tons year-over-year [1][2] - Soybean export inspections were at 1.31 million tons, slightly down from 1.34 million tons the previous week but higher than 1.14 million tons from the same week last year [1][2] - Wheat export inspections for the week were 326,828 tons, a decrease from 378,991 tons the previous week but above last year's figure of 253,137 tons [1][2] Importing Countries - Japan was the largest importer of U.S. corn, while Mexico was the largest importer of U.S. wheat for the week [3] Futures Market Reaction - Chicago futures prices for grains declined, with wheat futures down 1.8%, corn futures down 0.8%, and soybean futures down 0.4% [3]