News
Big week for soybean export inspections, corn solid
Corn and soybean export inspections continue to run ahead of last marketing year. That reflects the solid new crop demand from key customers both commodities have seen in recent months. The USDA says corn inspections during the week ending September 24th were just above a year ago, primarily to Mexico and South Korea, while soybeans were almost double this time last year, headlined by China and Japan. Sorghum and wheat inspections both trail the previous marketing year due to lower global interest caused by heavy competition from other exporters. The USDA’s next round of supply and demand estimates is out October 9th.
The 2026/27 marketing year began June 1st for wheat and September 1st for beans, corn, and sorghum.
Wheat came out at 310,635 tons, down 29,320 from the week ending September 17th and 562,943 from the week ending September 25th, 2025. The main destinations were the Philippines and Nigeria. Just over a quarter into the 2026/27 marketing year, wheat inspections are 6,342,896 tons, compared to 9,672,185 in 2025/26.
Corn was reported at 1,565,924 tons, 394,223 less than the prior week, but 26,667 more than a year ago. The top destinations were Mexico and South Korea. Early in the marketing year, corn inspections are 5,726,150 tons, compared to 5,108,803 this time last year.
Soybeans were pegged at 1,152,913 tons, an increase of 383,215 from the week before and 542,280 from last year. The leading destinations were China and Egypt. So far, this marketing year, soybean inspections are 2,844,930 tons, compared to 2,262,781 a year ago.
Sorghum inspections totaled 2,178 tons, rising 1,738 on the week and 1,640 on the year. The listed destinations were China and Japan. 2026/27 sorghum inspections are 6,903 tons, compared to 67,139 in 2025/26.
Add Comment