BrownfieldAgNews reports:
The USDA says that as of the week ending June 19th, corn and soybean export inspections remain ahead of what’s 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 254,782 tons, down 133,970 from the week ending June 12th and 89,870 from the week ending June 20th, 2024. The top destinations were Japan and Mexico. Early in the 2025/26 marketing year, wheat inspections are 844,868 tons, compared to 1,053,528 in 2024/25.
Corn was reported at 1,476,638 tons, 182,867 lower than the previous week, but 323,688 higher than a year ago. The leading destinations were Mexico and Japan. In the final quarter of the 2024/25 marketing year, corn inspections are 53,546,687 tons, compared to 41,667,985 in 2023/24.
Soybeans were pegged at 192,890 tons, a decrease of 30,551 from the week before and 156,994 from this time last year. The main destinations were Germany and Mexico. So far, this marketing year, soybean inspections are 45,646,152 tons, compared to 41,234,444 a year ago.
Sorghum totaled 80,481 tons, an increase of 51,304 on the week and 79,372 on the year. The listed destinations were Spain and Mexico. 2024/25 sorghum inspections are 1,914,209 tons, compared to 5,144,454 in 2023/24.
