Corn inspections totaled 1.67 MMT during the week ended June 12, down slightly from the previous week but landed just short of the upper end of the pre-report range.
Export inspections fell 55,866 MT from the previous week’s tally. Inspections are running 28.5% ahead of a year ago, compared to 28.5% ahead last week. USDA projects exports in 2024-25 at 2.650 billion bu., 15.6% above the previous marketing year.
Wheat
Actual (MT)
388,752
Expectations (MT)
250,000-450,000
Comments
Export inspections rose 64,545 MT from the previous week’s figure. Shipments are running 16.8% behind a year-ago. USDA projects exports in 2025-26 at 825 million bu., up 0.6% from the previous marketing year.
Soybeans
Actual (MT)
215,803
Expectations (MT)
175,000-450,000
Comments
Export inspections fell 342,813 MT from the previous week’s tally. Inspections are running 11.1% ahead of a year ago, compared to 11.5% ahead last week. USDA’s 2024-25 export forecast of 1.850 billion bu., up 9.1% from 2023-24.
