Export inspections fell 364,527 MT from the previous week’s tally. Inspections are running 29.1% ahead of a year ago, compared to 29.2% ahead last week. USDA projects exports in 2024-25 at 2.550 billion bu., 11.3% above the previous marketing year.
Wheat
Actual (MT)
561,980
Expectations (MT)
300,000-500,000
Comments
Export inspections rose 130,646 MT from the previous week’s figure. Shipments are running 16.3% ahead of year-ago, compared to 15.7% ahead last week. USDA projects exports in 2024-25 at 820 million bu., up 16.0% from the previous marketing year.
Soybeans
Actual (MT)
194,904
Expectations (MT)
175,000-550,000
Comments
Export inspections fell 30,454 MT from the previous week’s tally. Inspections are running 11.0% ahead of a year ago, compared to 11.1% ahead last week. USDA’s 2024-25 export forecast of 1.825 billion bu., up 7.7% from 2023-24.
