U.S. grain export activity remains steady, with mixed trends across corn, soybeans, and wheat. Corn export inspections for the week ending March 19 totaled 66.9 million bushels, holding near recent levels. Cumulative inspections have reached 1.755 billion bushels, up 38 percent from last year. To meet USDA’s 3.3 billion bushel export target, shipments must average about 59.2 million bushels per week through August. Soybean inspections came in at 40.5 million bushels, supported by strong demand, including a later export program to China. Total inspections are now 1.072 billion bushels, still down 27 percent from last year but improving. Weekly shipments must average 19.6 million bushels to meet USDA projections. Wheat inspections totaled 16.8 million bushels, with cumulative exports at 732 million bushels, up 18 percent from a year ago. With 10 weeks remaining in the marketing year, wheat exports need to average 13.9 million bushels weekly to reach USDA’s 900 million bushel forecast. Overall, corn remains the strongest performer, while soybeans are narrowing their deficit and wheat exports stay on pace.
