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U.S. export inspections mostly above a week ago
The USDA says that as of the week ending April 10th, corn and soybean export inspections remain ahead of the paces needed to meet projections for the current marketing year. The 2024/25 marketing year began June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next round of supply and demand estimates is out May 12th.
Wheat came out at 604,461 tons, up 269,373 from the week ending April 3rd but down 15,678 from the week ending April 11th, 2024. The main destinations were Mexico and Japan. In the final quarter of the 2024/25 marketing year, wheat inspections are 18,295,319 tons, compared to 15,990,159 in 2023/24.
Corn was reported at 1,829,000 tons, 215,540 higher than the previous week and 464,308 above a year ago. The top destinations were Mexico and Japan. For the marketing year to date, corn inspections are 37,513,406 tons, compared to 28,747,108 this time last year.
Soybeans were pegged at 546,348 tons, 267,961 less than the week before, but 98,798 more than last year. The leading destinations were China and Germany. So far, this marketing year, soybean inspections are 42,111,024 tons, compared to 38,022,008 a year ago.
Sorghum totaled 22,054 tons, an increase of 2,195 on the week, but a decrease of 54,797 on the year. The lone destination was Mexico. 2024/25 sorghum inspections are 1,621,500 tons, compared to 4,187,833 in 2023/24.
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