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Export inspections mostly up on week, year
The USDA says grain and oilseed export inspections as of the week ending December 12th continue to run ahead of the paces 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, demand, and production numbers is out January 10th.
Wheat came out at 298,075 tons, up 50,121 from the week ending December 5th and 13,283 from the week ending December 14th, 2023. The primary destinations were Mexico and Japan. Just over the halfway point of the 2024/25 marketing year, wheat inspections are 11,536,703 tons, compared to 8,914,762 in 2023/24.
Corn was reported at 1,129,834 tons, 71,862 higher than the previous week and 169,909 above a year ago. The main destinations were Mexico and Japan. Early in the second quarter of this marketing year, corn inspections are 13,300,752 tons, compared to 10,153,352 last marketing year.
Soybeans were pegged at 1,676,444 tons, 60,339 less than the prior week, but 251,432 more than last year. The leading destinations were China and Mexico. So far, this marketing year, soybean inspections are 25,230,615 tons, compared to 21,181,902 a year ago.
Sorghum totaled 147,320 tons, an increase of 73,530 on the week, but a decrease of 122,431 on the year. The largest destination was China, followed distantly by Nigeria. 2024/25 sorghum inspections are 1,306,778 tons, compared to 1,695,782 in 2023/24.
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