USDA’s Weekly Grain Export Inspections Week Ended Oct. 17, 2024 | |
Corn | |
Actual (MT) | 999,811 |
Expectations (MT) | 500,000-1,100,000 |
Comments | Export inspections 493,195 MT from last week’s tally. Inspections are running 30.6% ahead of a year ago, compared to 19.0% ahead last week. USDA projects exports in 2024-25 at 2.325 billion bu., 1.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 268,375 |
Expectations (MT) | 350,000-650,000 |
Comments | Export inspections fell 111,759 MT from the previous week’s figure. Shipments are running 33.7% ahead of year-ago, compared to 33.0% ahead last week. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 2,433,530 |
Expectations (MT) | 1,200,000-2,850,000 |
Comments | Export inspections rose 526,066 MT from last week’s tally. Inspections are running 2.9% behind a year ago, compared to 6.8% behind a year ago. USDA’s 2024-25 export forecast of 1.850 billion bu., up 9.1% from 2023-24. |