BrownfieldAgNews reports:
The USDA says corn and soybean export inspections as of the week ending June 12th remain ahead of the respective paces needed to meet projections for the current marketing year. The 2024/25 marketing year began September 1st for beans, corn, and sorghum, while 2025/26 got underway June 1st for wheat. The USDA’s next round of supply and demand estimates is out July 11th.
Wheat came out at 388,752 tons, up 65,545 from the week ending June 5th, but down 22,809 from the week ending June 13th, 2024. The main destinations were Nigeria and the Philippines. Early in the 2025/26 marketing year, wheat inspections are 590,086 tons, compared to 708,876 in 2024/25.
Corn was reported at 1,673,023 tons, 55,866 lower than the previous week, but 292,220 higher than a year ago. The top destinations were Japan and Mexico. In the final quarter of the 2024/25 marketing year, corn inspections are 52,047,567 tons, compared to 40,515,035 in 2023/24.
Soybeans were pegged at 215,803 tons, a decrease of 342,813 on the week and 125,367 on the year. The primary destinations were Germany and Japan. So far, this marketing year, soybean inspections are 45,415,624 tons, compared to 40,884,560 a year ago.
Sorghum totaled 29,177 tons, an increase of 1,606 on the week and 27,343 on the year. The listed destinations were Sudan and Mexico. 2024/25 sorghum inspections are 1,833,728 tons, compared to 5,143,345 in 2023/24.
