Export inspections fell 58,065 MT from the previous week’s tally. Inspections are running 28.8% ahead of a year ago, compared to 29.0% ahead last week. USDA projects exports in 2024-25 at 2.550 billion bu., 11.3% above the previous marketing year.
Wheat
Actual (MT)
310,326
Expectations (MT)
400,000-600,000
Comments
Export inspections fell 338,874 MT from the previous week’s figure. Shipments are running 14.4% ahead of year-ago, compared to 14.8% ahead last week. USDA projects exports in 2024-25 at 820 million bu., up 16.0% from the previous marketing year.
Soybeans
Actual (MT)
324,101
Expectations (MT)
300,000-600,000
Comments
Export inspections fell 133,743 MT from the previous week’s tally. Inspections are running 11.2% ahead of a year ago, compared to 11.3% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.
