SunSirs: The Inspection Volume of US Soybean Exports was 485,216 Tons Last Week

The US Department of Agriculture's export inspection report shows that the inspection volume of US soybean exports increased by 2.5% compared to a week ago, but decreased by 4.5% compared to the same period last year. As of the week ending September 19, 2024, the inspection volume of US soybean exports was 485,216 tons, compared to 473,276 tons last week and 507,997 tons in the same period last year.

So far in 2024/2025, the total inspection volume of US soybean exports has reached 1,232,080 tons, a year-on-year decrease of 6.1%, and a year-on-year decrease of 16.1% last week.

So far in 2024/2025, US soybean exports have reached 2.5% of the annual export target, up from 1.3% last week.

The US Department of Agriculture predicted in its September supply and demand report that the US soybean exports for 2024/2025 would be 1.85 billion catties (50.35 million tons), an increase of 8.8% year-on-year; The estimated soybean export volume for 2023/2024 is 1.7 billion catties (46.27 million tons), a year-on-year decrease of 14.1%.

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