NASHVILLE, Tenn. (RFD-TV) — USDA export inspections, a report that continues during the Federal government shutdown, offer an early read on demand moving downriver and to port. This week showed firmer soybeans but softer corn, wheat, and sorghum versus the prior week, with year-to-date strength in corn and wheat offset by lagging soybeans and sorghum. These flows can influence basis, barge demand, and spreads as harvest advances.
Week ended Oct. 9: corn 44.5M bu (prior 67.0M; year-ago 20.2M), soybeans 36.5M (28.8M; 70.1M), wheat 16.3M (20.1M; 14.0M), sorghum 0.82M (1.31M; 3.17M). Major lanes included Gulf corn to Mexico/East Asia, Mississippi/East Gulf soybeans to Spain, Bangladesh, Italy, Germany, the Netherlands, Pakistan, and Mexico, and Pacific Northwest wheat (HRS/SWW) to Asia, with HRW moving via the Gulf.
Marketing year to date: corn 312.6M bu (+65% yr/yr), soybeans 148.5M (-26%), wheat 391.9M (+18%), sorghum 4.8M (-71%). The mix points to comparatively stronger pull for corn and PNW wheat, while soybean momentum will depend on sustained Gulf and interior rail flows and early-season vessel lineups.
Farm-Level Takeaway: Expect comparatively firmer corn and PNW wheat basis; soybean basis hinges on continued Gulf loadings, while sorghum remains light.
Rural businesses report softer sales, tougher hiring, and restrained investment — a backdrop that can pinch farm support capacity even if posted prices cool.
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Lucia Ruano, USMEF’s Central America representative, discusses what is driving demand for U.S. beef and pork in the region.
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Tyson expects another year of beef-segment losses due to tight cattle supplies, even as chicken, pork, and prepared foods strengthen overall margins.
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Export strength is concentrated in corn and wheat, while soybeans and sorghum lag, keeping basis and logistics dynamics highly commodity-specific into late fall.
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If the House concurs and the President signs, USDA services and farm-bill programs resume at full speed with authorities extended for another year.
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Lewie Pugh, with the Owner-Operator Independent Drivers Association, joined us on Monday’s Market Day Report to share his perspective on what the bill could mean for truckers.
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