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Soybean, corn export inspections above a week ago
The USDA says that as of the week ending April 3rd, corn export inspections 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 corn, sorghum, and soybeans. The USDA’s updated supply and demand report is out April 10th.
Wheat came out at 334,888 tons, down 166,621 from the week ending March 27th and 181,947 from the week ending April 4th, 2024. The top destinations were Mexico and the Philippines. In the final quarter of the 2024/25 marketing year, wheat inspections are 17,690,658 tons, compared to 15,370,020 in 2023/24.
Corn was reported at 1,582,773 tons, 64,079 lower than the previous week, but 117,803 higher than a year ago. The main destinations were Mexico and South Korea. For the marketing year to date, corn inspections are 35,582,389 tons, compared to 27,382,416 a year ago.
Soybeans were pegged at 804,270 tons, 8,799 less than the week before, but 312,398 more than a year ago. The primary destinations were China and Egypt. So far, this marketing year, soybean inspections are 41,554,613 tons, compared to 37,574,458 last year.
Sorghum totaled 19,859 tons, a decline of 2,513 on the week and 49,980 on the year. The lone listed destination was Japan. 2024/25 sorghum export inspections are 1,599,446 tons, compared to 4,110,982 in 2023/24.
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