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Corn, soybean export inspections up on year
The USDA says corn, soybean, and wheat export inspections as of the week ending December 5th remain ahead of the pace 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 numbers is out Tuesday, December 10th.
Wheat came out at 226,513 tons, down 72,037 from the week ending November 28th and 67,243 from the week ending December 7th, 2023. The main destinations were Indonesia and Mexico. Early in the second half of the 2024/25 marketing year, wheat inspections are 11,217,114 tons, compared to 8,629,970 in 2023/24.
Corn was reported at 1,049,690 tons, up 100,878 from the previous week and 324,360 from a year ago. The primary destinations were Mexico and Japan. Kicking off the second quarter of the marketing year, corn inspections are 12,132,898 tons, compared to 9,193,427 last year.
Soybeans were pegged at 1,622,197 tons, 487,468 less than the prior week, but 622,407 more than last year. The top destinations were China and Italy. So far, this marketing year, soybean inspections are 23,437,833 tons, compared to 19,756,890 a year ago.
Sorghum totaled 73,790 tons, a decrease of 122,574 on the week and 266,594 on the year. The largest destination was China, followed distantly by Mexico. 2024/25 sorghum inspections are 1,159,458 tons, compared to 1,426,031 in 2023/24.
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