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Weekly Grain Movement: Corn bounces backWeekly Grain Movement: Corn bounces back

Soybeans also trend higher week-over-week, with wheat volume down moderately.

Ben Potter, Senior editor

January 13, 2025

2 Min Read
Belt offloading corn onto barge for export.
Getty Images

USDA’s latest grain export inspection report, out Monday morning and covering the week through January 9, held mixed but mostly positive data for traders to digest. Corn volume led the way after moving noticeably higher week-over-week and handily beating the entire range of analyst estimates. Soybean volume was also relatively strong, while wheat spilled moderately lower week-over-week.

Corn export inspections climbed to 56.7 million bushels last week, which was a weekly gain of 64%. It was also better than the entire range of analyst estimates, which ranged between 19.7 million and 39.4 million bushels. Cumulative totals for the 2024/25 marketing year remain moderately ahead of last year’s pace after reaching 697.1 million bushels.

Japan was the No. 1 destination for U.S. corn export inspections last week, with 17.7 million bushels. Mexico, Spain, Colombia and Taiwan rounded out the top five.

Sorghum export inspections were dismal last week after only reaching 27,636 bushels. That grain is bound for Mexico and China. Cumulative totals for the 2024/25 marketing year are just over half of last year’s total, with 54.0 million bushels.

Soybean export inspections shifted slightly above the prior week’s volume after reaching 49.6 million bushels. That was a bit on the lower end of analyst estimates, which ranged between 39.5 million and 62.7 million bushels. Cumulative totals for the 2024/25 marketing year are still moderately above last year’s pace, with 1.151 billion bushels.

Related:Export Report: Corn stands strong, while soybeans underperform

China was again the top destination for U.S. soybean export inspections, with 19.9 million bushels. Bangladesh, Italy, Turkey and Japan filled out the top five.

Wheat export inspections faced moderately week-over-week cuts after reaching 10.6 million bushels. That was also toward the lower end 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 above last year’s pace, with 477.9 million bushels.

Mexico was the No. 1 destination for U.S. wheat export inspections last week, with 4.5 million bushels. Japan, South Korea, Nigeria and Honduras rounded out the top five.

Click here for more highlights from the latest USDA grain export inspection report, which covers the week through January 2.

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Exports

About the Author

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings two decades of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

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