Export inspections rose 467,239 MT from the previous week’s tally. Inspections are running 33.0% ahead of a year ago, compared to 31.7% ahead last week. USDA projects exports in 2024-25 at 2.450 billion bu., 6.9% above the previous marketing year.
Wheat
Actual (MT)
216,173
Expectations (MT)
250,000-450,000
Comments
Export inspections fell 174,418 MT from the previous week’s figure. Shipments are running 17.8% ahead of year-ago, compared to 20.5% ahead last week. USDA projects exports in 2024-25 at 850 million bu., up 20.2% from the previous marketing year.
Soybeans
Actual (MT)
844,218
Expectations (MT)
400,000 - 900,000
Comments
Export inspections rose 144,260 MT from the previous week’s tally. Inspections are running 9.6% ahead of a year ago, compared to 9.6% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.
