Corn Leads Export Inspections, Wheat and Soybeans Lag

Corn and wheat inspections outpaced last year, but soybean movement remains seasonally active yet behind, keeping basis and freight dynamics in focus by corridor.

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Photo by Ralf Gosch via Photo by Ralf Gosch via AdobeStock

WASHINGTON, D.C. (RFD-TV)Export movement from the United States this week tilted bullish for corn and wheat, while soybeans trailed last year’s pace.

For the week ended October 16, inspections totaled 1.32 million tons for corn (up from 1.21 million last week and above 1.00 million a year ago) and 480,614 tons for wheat (447,531 last week; 270,571 a year ago). Soybeans cleared 1.47 million tons, rebounding week over week but well below 2.55 million a year earlier. Sorghum remained light at 2,195 tons.

Marketing-year-to-date corn inspections reached 9.34 million tons (vs. 5.81 million last year), soybeans 5.54 million (vs. 8.01 million), and wheat 11.19 million (vs. 9.30 million).

The Gulf led volumes, notably Mississippi River loadings, with added strength from North Texas. Pacific Northwest shipments featured soft white wheat and soybeans, while interior rail/river moves supported sizable soybean loadings to Mexico and Taiwan. Soybean destinations skewed toward Bangladesh, Egypt, Germany, Japan, Pakistan, Spain, and Vietnam. Wheat classes were led by soft white through the Columbia River, alongside hard red winter wheat from Texas and the Gulf.

Farm-Level Takeaway: Corn and wheat inspections outpaced last year, but soybean movement remains seasonally active yet behind, keeping basis and freight dynamics in focus by corridor.
Tony St. James, RFD-TV Markets Expert
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Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

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