Corn inspections notch sharp weekly decline

Corn inspections during the week ended Oct. 10 totaled 430,323 MT, down 518,000 MT from the previous week and well below the pre-report range.

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USDA Weekly Export Inspections Report
(Chip Flory)


USDA’s Weekly Grain Export Inspections

Week Ended Oct. 10, 2024

Corn

Actual (MT)

430,323

Expectations (MT)

600,000-1,100,000

Comments

Export inspections fell 517,640 MT from last week’s tally. Inspections are running 19.0% ahead of a year ago, compared to 22.2% ahead last week. USDA projects exports in 2024-25 at 2.300 billion bu., 0.4% above the previous marketing year.

Wheat

Actual (MT)

371,004

Expectations (MT)

300,000-550,000

Comments

Export inspections rose 7,544 MT from the previous week’s figure. Shipments are running 33.0% ahead of year-ago, compared to 34.6% ahead last week. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year.

Soybeans

Actual (MT)

1,575,467

Expectations (MT)

800,000-1,875,000

Comments

Export inspections fell 49,716 MT from last week’s tally. Inspections are running 6.8% behind a year ago, compared to 1.0% behind a year ago. USDA’s 2024-25 export forecast of 1.850 billion bu., up 8.8% from 2023-24.