Weekly wheat inspections stronger-than-expected

Wheat inspections during the week ended April 24, were up notably on the week, topping anlysts’ pre-report expectations. Net corn and soybean sales each declined on the week but were as expected.

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Weekly Export Inspections Report
(Chip Flory)

USDA’s Weekly Grain Export Inspections

Week Ended April 24, 2025

Corn
Actual (MT)
1,654,613
Expectations (MT)
1,000,000-1,700,000
Comments
Export inspections fell 71,731 MT from the previous week’s tally. Inspections are running 29.0% 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)
646,564
Expectations (MT)
200,000-500,000
Comments
Export inspections rose 136,314 MT from the previous week’s figure. Shipments are running 11.3% 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)
439,341
Expectations (MT)
300,000-700,000
Comments
Export inspections fell 120,472 MT from the previous week’s tally. Inspections are running 14.8% ahead of a year ago, compared to 10.9% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.