During the week ended Jan. 30, soybean inspections rose 275,000 MT from the previous week, with both corn and soybean inspections ending near the upper-end of pre-report expectations.
Export inspections rose 1,281 MT from last week’s tally. Inspections are running 33.3% ahead of a year ago, compared to 30.8% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year.
Wheat
Actual (MT)
252,637
Expectations (MT)
250,000-450,000
Comments
Export inspections fell 231,907 MT from the previous week’s figure. Shipments are running 24.1% ahead of year-ago, compared to 25.0% ahead last week. USDA projects exports in 2024-25 at 850 million bu., up 20.2% from the previous marketing year.
Soybeans
Actual (MT)
1,013,292
Expectations (MT)
400,000-1,250,000
Comments
Export inspections rose 275,264 MT from last week’s tally. Inspections are running 15.7% ahead of a year ago, compared to 19.3% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24..
