US Corn and Soybean Export Inspections Trail Last Year's Pace

Early inspections for US corn and soybean exports are trailing last year's pace as high domestic prices impact demand. According to the USDA, most of this week's corn inspections were for old crop delivery, with new crop deliveries slightly behind last year.

Soybeans are also lagging, with most recent purchases by China and unknown destinations being for delivery later in the fall or winter. The 2026/27 marketing year started on September 1st, and the USDA's next round of supply and demand estimates is out this Friday at noon Eastern time.

Wheat inspections were down from last week, with 243,733 tons reported to Indonesia and Mexico. So far this quarter, wheat inspections are 5,130,290 tons compared to 7,100,413 in the previous year.