The US Department of Agriculture's export inspection report shows that the inspection volume of US soybean exports decreased by 23% compared to a week ago, but increased by 62% compared to the same period last year. As of the week ending December 5, 2024, the inspection volume of US soybean exports was 1,622,197 tons, compared to a revised 2,109,665 tons last week and 999,790 tons in the same period last year.

So far in 2024/25, the total inspection volume of US soybean exports has reached 23,437,833 tons, a year-on-year increase of 18.6%. Last week, it was a year-on-year increase of 16.2%, and two weeks ago, it was a year-on-year increase of 12.0%.

So far in 2024/25, US soybean exports have reached 47.2% of the annual export target, up from 43.9% last week.

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