Pro Farmer/News/Agriculture News

Weekly wheat inspections impress; corn, soybeans slide

Weekly wheat inspections during the week ended Jan. 23 rose 223,000 MT, topping pre-report expectations, while soybean inspections missed pre-report expectations, falling 250,000 MT from the previous week. Corn inspections declined 295,000 MT.

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January 27, 2025 10:08 AM

grain ship.jpg — USDA Weekly Export Inspections Report

USDA’s Weekly Grain Export Inspections Week Ended Jan. 23, 2025
Corn
Actual (MT)	1,247,004
Expectations (MT)	1,000,000-1,400,000
Comments	Export inspections fell 295,325 MT from last week’s tally. Inspections are running 30.8% ahead of a year ago, compared to 30.5% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year.
Wheat
Actual (MT)	484,544
Expectations (MT)	250,000-450,000
Comments	Export inspections rose 222,758 MT from the previous week’s figure. Shipments are running 25.0% ahead of year-ago, compared to 23.8% ahead last week. USDA projects exports in 2024-25 at 850 million bu., up 20.2% from the previous marketing year.
Soybeans
Actual (MT)	729,362
Expectations (MT)	800,000-1,250,000
Comments	Export inspections fell 249,928 MT from last week’s tally. Inspections are running 19.3% ahead of a year ago, compared to 20.6% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24..

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