Wheat inspections prove stronger-than-expected

Weekly wheat inspections during the week ended March 13, roes 251,000 MT from the previous week, exceeding expectations. Corn and soybean inspections were each lower on the week.

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Weekly Export Inspections Report
(Chip Flory)

USDA’s Weekly Grain Export Inspections

Week Ended March 13, 2025

Corn
Actual (MT)
1,658,631
Expectations (MT)
1,000,000-1,950,000
Comments
Export inspections fell 185,557 MT from the previous week’s tally. Inspections are running 32.6% ahead of a year ago, compared to 33.0% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year.
Wheat
Actual (MT)
492,658
Expectations (MT)
175,000-450,000
Comments
Export inspections rose 251,012 MT from the previous week’s figure. Shipments are running 18.2% ahead of year-ago, compared to 17.8% ahead last week. USDA projects exports in 2024-25 at 835 million bu., up 18.1% from the previous marketing year.
Soybeans
Actual (MT)
646,667
Expectations (MT)
300,000-950,000
Comments
Export inspections fell 206,978 MT from the previous week’s tally. Inspections are running 9.3% ahead of a year ago, compared to 9.6% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.