Wheat, Corn, Soybean Inspections Continue Ahead of Last Year
Total corn export inspections are up 31% from last year. Soybean inspections are 6% higher than last year. Wheat inspections are 40% higher than last year.
OMAHA (DTN) — USDA released its weekly Export Inspections report Tuesday for the week ended Nov. 7, due to the Veterans Day holiday Monday. Total corn inspections were 31.2 million bushels (mb) for the week. Soybean inspections totaled 83.7 mb. Wheat inspections were 12.8 mb.
Corn inspections totaled 31.2 mb for the week ended Thursday, Nov. 7, 2024. Total inspections in 2024-25 are now at 324 mb, up 31% from the previous year. USDA is estimating corn exports at 2.325 billion bushels (bb) in 2024-25, up 2% from the previous year. Corn inspections in 2024-25 are running above USDA’s estimated pace at a time when USDA’s estimate of corn ending stocks is the highest in six years.
Soybean inspections totaled 83.7 mb for the week ended Nov. 7. Total inspections in 2024-25 are now at 560 mb, up 6% from the previous year. USDA is estimating soybean exports at 1.825 bb in 2024-25, up 7% from the previous year. Soybean inspections in 2024-25 are running below USDA’s estimated pace at a time when USDA’s estimate of soybean ending stocks is the highest in five years.
Wheat inspections totaled 12.8 mb for the week ended Nov. 7. Total wheat inspections in 2024-25 are now at 372 mb, up 40% 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 estimate of wheat ending stocks is the highest in four years.