USDA’s latest grain export inspection report, out Monday morning and covering the week through November 13, held mostly bullish data for traders to consider. Corn volume was higher than expected after moving moderately above the prior weeks’ tally. Soybeans were slightly higher week-over-week. Wheat volume disappointed, however, slumping below the entire set of analyst estimates.
Corn export inspections improved 80.9 million bushels, which was well above the prior week’s volume of 58.5 million bushels. That was also better than the entire set of trade guesses, which ranged between 39.4 million and 71.8 million bushels. Cumulative totals for the 2025-26 marketing year have reached 624.1 million bushels – an impressive year-over-year lead of 73% so far.
Mexico was the No. 1 destination for U.S. corn export inspections last week, with 23.2 million bushels. Japan, South Korea, Spain and Colombia rounded out the top five.
Sorghum export inspections more than doubled its volume last week after reaching 3.3 million bushels. That grain is bound for Spain, Japan and Mexico. Cumulative totals for the 2025-26 marketing year remain well below (-55.2%) last year’s pace after reaching 13.6 million bushels.
Soybean export inspections moved slightly (+4.6%) higher week-over-week after reaching 43.2 million bushels. That was a bit toward the lower end of analyst estimates, which ranged between 36.7 million and 53.3 million bushels. Cumulative totals for the 2025-26 marketing year are still 42.5% below last year’s pace after reaching 371.4 million bushels.
Italy came through as the top destination for U.S. soybean export inspections last week, with 7.3 million bushels. Egypt, Turkey, Mexico and South Korea filled out the top five.
Wheat export inspections were disappointing last week after only reaching 9.1 million bushels. That was also below the entire range of trade guesses, which came in between 9.2 million and 14.7 million bushels. Cumulative totals for the 2025-26 marketing year remain 19.3% above last year’s pace, however, with 454.4 million bushels.
Japan was the No. 1 destination for U.S. wheat export inspections last week, with 3.2 million bushels. Indonesia, Mexico, Nigeria and the Philippines rounded out the top five. Click here for additional highlights from the latest USDA grain export inspection report.