WASHINGTON, DC – China was the top focus in the latest USDA export inspections report, taking about 9.9 million bushels of inspected U.S. soybeans for the week ending July 2.
Total soybean inspections reached about 19.4 million bushels, up from roughly 16.3 million the prior week and above last year’s 14.7 million. China accounted for just over half of the week’s inspected soybean volume.
Corn inspections stayed strong at about 64.6 million bushels. That was below the previous week’s 71.5 million, but still above last year’s 61.6 million. Mexico remained a major destination for corn, with Japan, Taiwan, South Korea, and Vietnam also active.
Wheat inspections totaled about 4.9 million bushels, down sharply from the prior week and well below last year. Sorghum inspections were light at about 91,500 bushels, with nearly all of that volume headed to China.
Farm-Level Takeaway: China’s soybean demand supported inspections, while corn shipments remained a stronger year-over-year export signal.