For the week ending Sept. 13, corn export inspections rebounded from the prior week’s lackluster results, while soybean and wheat export inspections slipped slightly week-over-week.

Corn export inspections reached 40.6 million bushels last week, climbing more than 30% above the prior week’s total of 30.9 million bushels. Last week’s totals landed in the middle of the average trade guess, which ranged between 33 million and 47 million bushels. The weekly rated needed to meet USDA forecasts moved higher, to 45.7 million bushels. Marketing year-to-date totals of 67 million bushels have started 24% above the start of 2017/18.

Mexico was the top destination for U.S. corn export inspections last week, with 10.7 million bushels. Other top destinations included Japan (5.9 million), Peru (4.2 million), Colombia (3.8 million), Taiwan (3.3 million) and Saudi Arabia (2.9 million). 

Soybean export inspections reached 28.8 million bushels last week, easing from the prior week’s totals of 34.0 million bushels but in the middle of the average trade guess, which ranged between 25 million and 36 million bushels. The rate needed to reach USDA forecasts moved higher, to 39.2 million bushels, while cumulative totals for the young 2018/19 marketing year reached 59 million bushels, down 21.3% so far year-over-year. 

Mexico was the top destination for U.S. soybean export inspections last week, with 5.2 million bushels, followed closely by Spain (4.7 million). Other top destinations included Indonesia (3.8 million), Argentina (2.8 million), Iran (2.4 million) and the Netherlands (2.4 million). 

Wheat export inspections added 14.9 million bushels last week, which was slightly lower than the prior week’s tally of 15.8 million bushels and in the middle of the average trade guess, which ranged between 12 million and 18 million bushels. The weekly rate needed to meet USDA forecasts moved higher, to 21.1 million bushels, with cumulative totals for 2018/19 down 30% so far compared to 2017/18, with 224 million bushels. 

Japan was the top destination for U.S. wheat exports last week, with 5.5 million bushels. Other top destinations included Thailand (2.1 million), Mexico (1.8 million) and Malaysia (1.6 million).