The latest grain export inspection report from USDA, out Monday morning and covering the week through June 19, held mixed but mostly disappointing data for traders to digest. Corn volume led the way once again, despite fading moderately below the prior week’s total. Wheat totals were pedestrian, meantime, while soybean totals eroded below the entire range of analyst estimates.
Corn export inspections reached 58.1 million bushels. That was moderately lower than the prior week’s volume but still stayed on the higher end of analyst estimates, which ranged between 47. 2 million and 63.0 million bushels. Cumulative totals for the 2024-25 marketing year remain well above last year’s pace, reaching 2.108 billion bushels.
Mexico was the No. 1 destination for U.S. corn export inspections last week, with 13.6 million bushels. Japan, Colombia, Spain and Taiwan rounded out the top five.
Sorghum export inspections moved noticeably higher week-over-week after reaching 3.2 million bushels. That grain is bound for Spain and Mexico. Cumulative totals for the 2024-25 marketing year remain substantially below last year’s pace, with 73.4 million bushels.
Soybean export inspections eased slightly lower week-over-week, only reaching 7.1 million bushels. That was also below the entire set of analyst estimates, which ranged between 7.3 million and 16.5 million bushels. Cumulative totals for the 2024-25 marketing year are still trending moderately ahead of last year’s pace, with 1.676 billion bushels.
Germany was the top destination for U.S. soybean export inspections last week, with 2.3 million bushels. Mexico, Indonesia, Colombia and Taiwan rounded out the top five.
Wheat export inspections eroded moderately lower after only reaching 9.4 million bushels last week. That was also on the very low end of analyst estimates, which ranged between 9.2 million and 18.4 million bushels. Cumulative totals for the 2025-26 marketing year are slightly below last year’s pace so far after reaching 31.0 million bushels.
Japan was the No. 1 destination for U.S. wheat export inspections last week, with 3.0 million bushels. Mexico, the Philippines, Morocco and Jamaica rounded out the top five.
Click here to see additional highlights from the latest USDA grain export inspection report.