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Corn, soybean export inspections down on week, still solid
Corn and soybean export inspections during the week ending October 1st were above what’s needed to meet projections for the current marketing year. Most of that corn was headed to Mexico and Japan, while well over half of the soybeans left U.S. ports for China. Sorghum and wheat inspections are both behind last marketing year due to slower global demand. The USDA’s supply and demand update is out Friday at Noon Eastern/11 Central.
The 2026/27 marketing year began June 1st for wheat and September 1st for beans, corn, and sorghum.
Wheat came out at 302,356 tons, down 34,691 from the week ending September 24th and 289,867 from the week ending October 2nd, 2025. The main destinations were the Philippines and Bangladesh. For the 2026/27 marketing year to date, wheat inspections are 6,671,688 tons, compared to 10,264,408 in 2025/26.
Corn was reported at 1,367,685 tons, 213,314 lower than the previous week and 333,949 below a year ago. The top destinations were Mexico and Japan. A month into the current marketing year, corn inspections are 7,110,012 tons, compared to 6,810,437 this time last year.
Soybeans were pegged at 1,138,416 tons, 17,657 less than the week before, but 354,921 more than last year. The leading destinations were China and Algeria. So far, this marketing year, soybean inspections are 3,986,506 tons, compared to 3,046,276 a year ago.
Sorghum totaled 3,664 tons, an increase of 1,486 on the week, but a decrease of 29,581 on the year. The listed destinations were Japan and China. 2026/27 sorghum inspections are 10,567 tons, compared to 100,384 in 2025/26.
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