USDA reported weekly wheat inspections totaled 946,472 MT for the week ended Aug. 21, which were more than double the previous week and well above pre-report expectations.
Export inspections rose 253,630 MT from the previous week’s tally. Inspections are running 22.4% ahead of a year ago, compared to 28.0% ahead last week. USDA projects exports in 2024-25 at 2.750 billion bu., 22.0% above the previous marketing year.
Wheat
946,472
946,472
Expectations (MT)
350,000-550,000
Comments
Export inspections rose 546,245 MT from the previous week’s figure. Shipments are running 2.4% ahead of year-ago. USDA projects exports in 2025-26 at 850 million bu., up 3.0% from the previous marketing year.
Soybeans
Actual (MT)
382,806
Expectations (MT)
200,000-500,000
Comments
Export inspections fell 119,988 MT from the previous week’s tally. Inspections are running 11.0% ahead of a year ago, compared to 11.6% ahead last week. USDA’s 2024-25 export forecast of 1.865 billion bu., up 9.7% from 2023-24.
