Weekly soybean inspections remain solid at 2.28 MMT

Weekly corn, soybean and wheat inspections continue to outpace year-ago.

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USDA Weekly Export Inspections Report
(Chip Flory)


USDA’s Weekly Grain Export Inspections

Week Ended Nov. 7, 2024

Corn

Actual (MT)

793,012

Expectations (MT)

600,000-950,000

Comments

Export inspections fell 58,627 MT from last week’s tally. Inspections are running 31.3% ahead of a year ago, compared to 33.7% ahead last week. USDA projects exports in 2024-25 at 2.325 billion bu., 1.4% above the previous marketing year.

Wheat

Actual (MT)

347,321

Expectations (MT)

175,000-350,000

Comments

Export inspections rose 141,523 MT from the previous week’s figure. Shipments are running 35.1% ahead of year-ago, compared to 34.7% ahead last week. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year.

Soybeans

Actual (MT)

2,277,907

Expectations (MT)

2,000,000-2,450,000

Comments

Export inspections fell 29,945 MT from last week’s tally. Inspections are running 5.9% ahead of a year ago, compared to 3.5% ahead of a year ago. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.