Grain export inspections steady last week

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U.S. grain export inspections were relatively stable last week, according to the latest USDA data released on Monday. Corn movements rose about 2 percent from the previous week to 1.51 million metric tons (MMT). Volumes were about 80 percent higher than the same week last year as plenty of bushels continued to be shipped to key buyers.

Mexico was the No. 1 destination for U.S. corn during the week. Japan, Spain, Colombia, and Portugal were also in the top five. Accumulated corn shipments for the 2025/26 marketing year rose to 31.44 MMT, up 53.3 percent year-over-year.

Soybean export inspections fell by about 2 percent last week to 1.32 MMT. Volumes were above year-ago levels for a third consecutive week, driven by stronger shipments to China.

China accounted for more than half of the inspections last week. Meanwhile, Mexico and Italy were in the top five. Year-to-date inspections rose to 20.67 MMT, sitting 37.5 percent lower than the previous season. Additionally, inspections are the slowest since the 2013/14 season.

U.S. wheat export inspections fell 12 percent to 351,000 metric tons (MT). Volumes were also 28 percent lower than the same week last year as export sales trickled lower this winter. Seasonally, inspections should begin to rise over the next few months.

South Korea was the largest destination for U.S. wheat during the week, followed by Japan, Mexico, and the Philippines. Mexico remains the largest importer of U.S. wheat for the current season, followed by the Philippines. Other countries such as Nigeria, Indonesia, and Colombia have seen larger increases in imports compared to the previous year.

Accumulated inspections for the season rose to 16.33 MMT, up 18 percent year-over-year. Inspections are running at the fastest pace since the 2020/21 season.

Sorghum export inspections fell 28 percent from the previous week to 126,000 MT. Volumes remained sharply higher than a year ago despite the week-over-week decline. China was the largest importer of sorghum during the week, though volumes were also reported for Spain and Japan. Year-to-date inspections are now just 5.7 percent below last season at 1.31 MMT.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. FUTURES TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS.

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