Export inspections rose 99,171 MT from last week’s tally. Inspections are running 30.5% ahead of a year ago, compared to 26.5% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year.
Wheat
Actual (MT)
261,786
Expectations (MT)
300,000-500,000
Comments
Export inspections fell 37,405 MT from the previous week’s figure. Shipments are running 23.8% ahead of year-ago, compared to 25.0% ahead last week. USDA projects exports in 2024-25 at 850 million bu., up 20.2% from the previous marketing year.
Soybeans
Actual (MT)
973,145
Expectations (MT)
1,250,000-1,600,000
Comments
Export inspections fell 384,225 MT from last week’s tally. Inspections are running 20.6% ahead of a year ago, compared to 22.4% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24..
