Weekly inspections prove heftier than expected

Weekly wheat inspections during the week ended March 20 declined modestly on the week but topped analysts’ pre-report range.

grain ship.jpg
USDA Weekly Export Inspections Report
(Chip Flory)

USDA’s Weekly Grain Export Inspections

Week Ended March 20, 2025

Corn
Actual (MT)
1,463,093
Expectations (MT)
1,000,000-1,700,000
Comments
Export inspections fell 229,205 MT from the previous week’s tally. Inspections are running 32.0% ahead of a year ago, compared to 32.6% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year.
Wheat
Actual (MT)
484,701
Expectations (MT)
200,000-400,000
Comments
Export inspections fell 10,452 MT from the previous week’s figure. Shipments are running 18.0% ahead of year-ago, compared to 18.2% ahead last week. USDA projects exports in 2024-25 at 835 million bu., up 18.1% from the previous marketing year.
Soybeans
Actual (MT)
822,214
Expectations (MT)
300,000-900,000
Comments
Export inspections rose 164,378 MT from the previous week’s tally. Inspections are running 9.2% ahead of a year ago, compared to 9.3% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.