USDA’s Weekly Grain Export Inspections Week Ended Oct. 31, 2024 | |
Corn | |
Actual (MT) | 779,078 |
Expectations (MT) | 700,000-1,200,000 |
Comments | Export inspections fell 61,357 MT from last week’s tally. Inspections are running 33.7% ahead of a year ago, compared to 33.0% ahead last week. USDA projects exports in 2024-25 at 2.325 billion bu., 1.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 193,523 |
Expectations (MT) | 200,000-350,000 |
Comments | Export inspections fell 101,134 MT from the previous week’s figure. Shipments are running 34.7% ahead of year-ago, compared to 33.5% ahead last week. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 2,158,646 |
Expectations (MT) | 1,800,000-2,650,000 |
Comments | Export inspections fell 469,793 MT from last week’s tally. Inspections are running 3.5% ahead a year ago, compared to 2.2% ahead of a year ago last week. USDA’s 2024-25 export forecast of 1.850 billion bu., up 9.1% from 2023-24. |