Export inspections fell 127,167 MT from the previous week’s tally. Inspections are running 29.0% ahead of a year ago, compared to 30.5% ahead last week. USDA projects exports in 2024-25 at 2.550 billion bu., 11.3% above the previous marketing year.
Wheat
Actual (MT)
510,250
Expectations (MT)
200,000-450,000
Comments
Export inspections fell 101,196 MT from the previous week’s figure. Shipments are running 14.4% ahead of year-ago, compared to 14.4% ahead last week. USDA projects exports in 2024-25 at 820 million bu., up 16.0% from the previous marketing year.
Soybeans
Actual (MT)
550,924
Expectations (MT)
400,000-750,000
Comments
Export inspections fell 3,969 MT from the previous week’s tally. Inspections are running 10.9% ahead of a year ago, compared to 10.8% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.
