Wheat inspections rose 73,241 MT from the previous week to 412,342 MT for the week ended Jan. 2. Corn and soybean inspections each declined on the week.
Export inspections fell 60,102 MT from last week’s tally. Inspections are running 24.5% ahead of a year ago, compared to 28.5% ahead last week. USDA projects exports in 2024-25 at 2.475 billion bu., 8.0% above the previous marketing year.
Wheat
Actual (MT)
412,342
Expectations (MT)
200,000-350,000
Comments
Export inspections rose 73,241 MT from the previous week’s figure. Shipments are running 25.1% ahead of year-ago, compared to 27.1% ahead last week. USDA projects exports in 2024-25 at 850 million bu., up 20.2% from the previous marketing year.
Soybeans
Actual (MT)
1,284,970
Expectations (MT)
800,000-1,400,000
Comments
Export inspections fell 358,232 MT from last week’s tally. Inspections are running 23.2% ahead of a year ago, compared to 22.8% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24..
