Weekly wheat inspections rise solidly, topping expectations

During the week ended Feb. 6, weekly wheat inspections rose 283,000 MT from the previous week. Meanwhile, corn and soybean inspections were both near the upper end of pre-report expectations.

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USDA’s Weekly Export Inspections Report
(Chip Flory)

USDA’s Weekly Grain Export Inspections

Week Ended Feb. 6, 2025

Corn
Actual (MT)
1,334,210
Expectations (MT)
1,000,000-1,400,000
Comments
Export inspections rose 81,174 MT from last week’s tally. Inspections are running 34.1% ahead of a year ago, compared to 33.3% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year.
Wheat
Actual (MT)
536,217
Expectations (MT)
200,000-450,000
Comments
Export inspections rose 283,080 MT from the previous week’s figure. Shipments are running 24.4% ahead of year-ago, compared to 24.1% ahead last week. USDA projects exports in 2024-25 at 850 million bu., up 20.2% from the previous marketing year.
Soybeans
Actual (MT)
1,042,182
Expectations (MT)
500,000-1,250,000
Comments
Export inspections fell 98,078 MT from last week’s tally. Inspections are running 14.5% ahead of a year ago, compared to 15.7% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.