News

Corn, soybean export inspections solid

The USDA says that as of the week ending June 5^th, corn and soybean export inspections are ahead of what’s needed to meet projections for the current marketing year. The 2024/25 marketing year got underway September 1^st for beans, corn, and sorghum, while 2025/26 kicked off June 1^st for wheat. The USDA’s next round of supply and demand estimates is out June 12^th.

Wheat came out at 290,957 tons, down 262,452 from the week ending May 29^th and 61,944 from the week ending June 6^th, 2024. The main destinations were Mexico and the Philippines. Early in the 2025/26 marketing year, wheat inspections are 168,084 tons, compared to 297,315 in 2024/25.

Corn was reported at 1,656,562 tons, up 14,840 from the previous week and 315,807 from a year ago. The top destinations were Mexico and Taiwan. In the final quarter of the 2024/25 marketing year, corn inspections are 50,302,217 tons, compared to 39,134,232 in 2023/24.

Soybeans were pegged at 547,040 tons, 245,581 higher than the week before and 312,979 above last year. The leading destinations were Mexico and Japan. So far, this marketing year, soybean inspections are 45,188,245 tons, compared to 40,543,390 a year ago.

Sorghum totaled 27,571 tons, 18,453 more than the prior week, but 151,826 less than a year ago. The listed destinations were Mexico and Somalia. 2024/25 sorghum inspections are 1,801,551 tons, compared to 5,141,511 in 2023/24.