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Export inspections mostly up on week
The USDA says corn export inspections for the week ending March 6th were strong and more than what’s needed to meet projections for the current marketing year. The 2024/25 marketing year kicked off June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next round of supply and demand numbers is out Tuesday, March 11th at Noon Eastern/11 Central.
Wheat came out at 216,173 tons, down 174,418 from the week ending February 27th and 269,488 from the week ending March 7th, 2024. The main destinations were Mexico and Taiwan. Just after the start of the fourth quarter of the 2024/25 marketing year, wheat inspections are 15,848,469 tons, compared to 13,456,795 in 2023/24.
Corn was reported at 1,819,812 tons, up 467,239 from the previous week and 653,559 from a year ago. The leading destinations were Japan and Mexico. In the back half of the marketing year, corn inspections are 29,078,389 tons, compared to 21,864,112 this time last year.
Soybeans were pegged at 844,218 tons, 144,260 higher than the week before and 58,851 above last year. The top destinations were China and Germany. So far, this marketing year, soybean inspections are 38,440,871 tons, compared to 35,081,989 a year ago.
Sorghum totaled 53,398 tons, 36,879 more than the prior week, but 11,927 less than a year ago. The largest destinations were Spain and Mexico. 2024/25 sorghum inspections are 1,539,897 tons, compared to 3,361,333 in 2023/24.
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