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Weekly Grain Movement: Wheat outpaces expectations, Jan. 27, 2025Weekly Grain Movement: Wheat outpaces expectations, Jan. 27, 2025

Corn volume was also strong last week, while soybeans disappointed.

Ben Potter, Senior editor

January 27, 2025

2 Min Read
Globe and wheat
Getty Images/pgaborphotos

The latest set of grain export inspection data from USDA, out Monday morning and covering the week through January 23, held another mixed bag of numbers for traders to consider. Corn volume led the way once, more, staying on the higher end of analyst estimates. Wheat volume bested the entire set of trade guesses, meantime, while soybeans slumped below the entire set of trade guesses.

Corn export inspections faded moderately lower week-over-week to 49.1 million bushels. Still, that was toward the higher end of analyst estimates, which ranged between 39.4 million and 55.1 million bushels. Cumulative totals for the 2024/25 marketing year remain moderately higher than last year’s pace after reaching 806.9 million bushels.

Japan was the No. 1 destination for U.S. corn export inspections last week, with 12.5 million bushels. Mexico was a close second, with 12.4 million bushels. South Korea, Colombia and Portugal rounded out the top five.

Sorghum export inspections were barely a blip on the radar last week after only reaching 35,000 bushels. That grain is bound for Japan. Cumulative totals for the 2024/25 marketing year are only around half of last year’s pace so far after reaching 54.4 million bushels.

Soybean export inspections eroded 25.5% lower week-over-week to 26.8 million bushels. That failed to match even the lowest trade guesses, which ranged between 29.4 million and 45.9 million bushels. Cumulative totals for the 2024/25 marketing year are still tracking moderately ahead of last year’s pace, however, with 1.214 billion bushels.

Related:Export Report: Corn continues to lead the way, Feb. 6, 2025

China was the top destination for U.S. soybean export inspections last week, with 5.2 million bushels. Turkey, Italy, Mexico and the United Kingdom filled out the top five.

Wheat export inspections found moderate improvements this past week after reaching 17.8 million bushels. That was also better than the entire set of analyst expectations, which ranged between 9.2 million and 16.5 million bushels. Cumulative totals for the 2024/25 marketing year remain moderately ahead of last year’s pace after reaching 505.7 million bushels.

Japan was the No. 1 destination for U.S. wheat export inspections last week, with 5.3 million bushels. South Korea, the Philippines, Thailand and Mexico rounded out the top five.

Click here for more highlights from the latest USDA grain export inspection report, which covers the week through January 23.

Read more about:

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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