Export inspections fell 391,999 MT from the previous week’s tally. Inspections are running 28.6% ahead of a year ago, compared to 28.8% ahead last week. USDA projects exports in 2024-25 at 2.550 billion bu., 11.3% above the previous marketing year.
Wheat
Actual (MT)
405,170
Expectations (MT)
300,000-500,000
Comments
Export inspections fell 6,641 MT from the previous week’s figure. Shipments are running 14.8% 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)
426,077
Expectations (MT)
250,000-550,000
Comments
Export inspections rose 92,423 MT from the previous week’s tally. Inspections are running 11.0% ahead of a year ago, compared to 11.2% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.
