Export inspections rose 207,216 MT from the previous week’s tally. Inspections are running 28.4% ahead of a year ago, compared to 29.0% ahead last week. USDA projects exports in 2024-25 at 2.750 billion bu., 22.0% above the previous marketing year.
Wheat
Actual (MT)
365,486
Expectations (MT)
350,000-600,000
Comments
Export inspections fell 324,244 MT from the previous week’s figure. Shipments are running 11.1% 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)
518,066
Expectations (MT)
200,000-500,000
Comments
Export inspections fell 110,044 MT from the previous week’s tally. Inspections are running 8.7% ahead of a year ago, compared to 10.4% ahead last week. USDA’s 2024-25 export forecast of 1.865 billion bu., up 9.7% from 2023-24.
