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U.S. export inspections mostly below week ago
The USDA says grain and oilseed export inspections as of the week ending January 2nd remain ahead of what’s 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 next round of supply and demand estimates is out Friday, January 10th at Noon Eastern/11 Central.
Wheat came out at 412,342 tons, up 73,241 from the week ending December 26th, 2024, but down 89,568 from the week ending January 4th, 2024. The top destinations were Mexico and South Korea. At this point in the 2024/25 marketing year, wheat inspections are 12,717,752 tons, compared to 10,166,112 in 2023/24.
Corn was reported at 847,463 tons, 60,102 lower than the previous week and 244,899 below a year ago. The leading destinations were Mexico and Colombia. For the marketing year to date, corn inspections are 16,236,439 tons, compared to 13,042,810 this time last year.
Soybeans were pegged at 1,284,970 tons, 358,233 less than the prior week, but 244,171 more than last year. The primary destinations were China and the Netherlands. So far, this marketing year, soybean inspections are 29,956,103 tons, compared to 24,312,449 a year ago.
Sorghum totaled 1,028 tons, a decrease of 13,545 on the week and 174,209 on the year. The listed destinations were China and Mexico. 2024/25 sorghum inspections are 1,371,293 tons, compared to 2,243,646 in 2023/24.
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