Wheat, Corn Inspections Continue Ahead of Last Year
Total corn export inspections are up 6% from last year. Soybean inspections are 6% lower than last year. Wheat inspections are 36% higher than last year.
OMAHA (DTN) — USDA released its weekly Export Inspections report Monday for the week ended Sept. 19. Total corn inspections were 43.4 million bushels for the week. Soybean inspections totaled 17.8 mb. Wheat inspections were 26.1 mb.
Corn inspections totaled 43.4 mb for the week ended Thursday, Sept. 19, 2024. Total inspections in 2024-25 are now at 84 mb, up 6% from the previous year. USDA is estimating corn exports at 2.300 billion bushels (bb) in 2024-25, up 2% from the previous year. Corn inspections in 2024-25 are running ahead of USDA’s estimated pace at a time when USDA’s corn supply estimate is bearish for corn prices.
Soybean inspections totaled 17.8 mb for the week ended Sept. 19. Total inspections in 2023-24 are now at 45 mb, down 6% from the previous year. USDA is estimating soybean exports at 1.850 bb in 2024-25, up 9% from the previous year. Soybean inspections in 2024-25 are running behind USDA’s estimated pace at a time when USDA’s soybean supply estimate is neutral for soybean prices.
Wheat inspections totaled 26.1 mb for the week ended Sept. 19. Total wheat inspections in 2024-25 are now at 282 mb, up 36% from the previous year. USDA is estimating wheat exports at 825 mb in 2024-25, up 17% from the previous year. Wheat inspections in 2024-25 are running well above USDA’s estimated pace at a time when USDA’s wheat supply estimate is neutral for wheat prices.