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Corn, sorghum export inspections above last week
The USDA says that as of the week ending February 13th, corn, soybean, and wheat export inspections continue to run ahead of what’s needed to meet projections for the current marketing year. The 2024/25 marketing year got underway June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next round of supply and demand estimates is out March 11th.
Wheat came out at 249,812 tons, down 320,486 from the week ending February 6th and 170,456 from the week ending February 15th, 2024. The top destinations were Mexico and South Korea. Closing in on the final quarter of the 2024/25 marketing year, wheat inspections are 14,848,636 tons, compared to 12,130,837 in 2023/24.
Corn was reported at 1,611,469 tons, up 256,244 from the previous week and 559,224 from a year ago. The main destinations were Mexico and Japan. Approaching the back half of the marketing year, corn inspections are 24,727,978 tons, compared to 18,262,684 this time last year.
Soybeans were pegged at 720,332 tons, a drop of 377,113 tons from the prior week and 571,349 below last year. The primary destinations were China and Mexico. So far, this marketing year, soybean inspections are 36,010,488 tons, compared to 32,076,589 a year ago.
Sorghum totaled 3,406 tons, an increase of 1,067 on the week, but a decrease of 312,462 on the year. The listed destinations were Mexico and Haiti. 2024/25 sorghum inspections are 1,461,358 tons, compared to 3,307,566 in 2023/24.
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