Export inspections rose 71,862 MT from last week’s tally. Inspections are running 31.0% ahead of a year ago, compared to 32.0% ahead last week. USDA projects exports in 2024-25 at 2.475 billion bu., 8.0% above the previous marketing year.
Wheat
Actual (MT)
298,075
Expectations (MT)
200,000-350,000
Comments
Export inspections increased 50,121 MT from the previous week’s figure. Shipments are running 29.4% ahead of year-ago, compared to 30.0% ahead last week. USDA projects exports in 2024-25 at 850 million bu., up 20.2% from the previous marketing year.
Soybeans
Actual (MT)
1,676,444
Expectations (MT)
1,300,000-2,200,000
Comments
Export inspections fell 60,339 MT from last week’s tally. Inspections are running 29.4% ahead of a year ago, compared to 18.6% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24..
