Weekly corn inspections top expectations; soybeans, wheat fall short

During the week ended Feb. 13, soybean inspections declined 377,000 MT from the previous week, while wheat inspections tumbled 320,000 MT, though weekly corn inspections rose notably to 1.6 MMT, topping analysts’ pre-report range.

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Weekly Export Inspections Report
(Chip Flory)

USDA’s Weekly Grain Export Inspections

Week Ended Feb. 13, 2025

Corn
Actual (MT)
1,611,469
Expectations (MT)
975,000-1,400,000
Comments
Export inspections rose 256,244 MT from last week’s tally. Inspections are running 35.4% ahead of a year ago, compared to 34.1% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year.
Wheat
Actual (MT)
249,812
Expectations (MT)
300,000-500,000
Comments
Export inspections fell 320,486 MT from the previous week’s figure. Shipments are running 22.4% ahead of year-ago, compared to 24.4% ahead last week. USDA projects exports in 2024-25 at 850 million bu., up 20.2% from the previous marketing year.
Soybeans
Actual (MT)
720,332
Expectations (MT)
875,000-1,250,000
Comments
Export inspections fell 377,113 MT from last week’s tally. Inspections are running 12.3% ahead of a year ago, compared to 14.5% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.