The US Department of Agriculture's export inspection report shows that the inspection volume of US soybean exports has decreased by 9% compared to a week ago and 22% compared to the same period last year. As of the week ending February 6, 2025, the inspection volume of US soybean exports was 1,042,182 tons, compared to the revised 1,140,260 tons last week and 1,342,845 tons in the same period last year.
So far in 2024/25, the total inspection volume of US soybean exports has reached 35,234,893 tons, a year-on-year increase of 14.5%. Last week, it was a year-on-year increase of 15.7%, and two weeks ago, it was a year-on-year increase of 19.3%.
So far in 2024/25, US soybean exports have reached 70.9% of the annual export target, compared to 68.6% last week.
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