USDA Export Inspections

USDA Export Inspections

Week Ending October 29, 2026

Soybeans🫘: 89.832 mbu
Corn🌽: 34.831 mbu
Wheat🌾: 2.771 mbu

Analysis 

Soybeans came in at 2.445M MT against 2.502M the prior week, with China taking 1.524M, Egypt 186K and Italy 134K. Corn picked up to 885K MT from 638K, led by Mexico at 521K and Colombia at 79K. Wheat dropped to 75K MT from 195K, with Mexico at 39K and Taiwan at 28K.

Bean inspections are running 56.0% ahead of last year at 12.18M MT since September 1, and this week was about two and a half times the 993K shipped a year ago. Corn is 13.2% behind last year's pace at 10.68M MT, with this week about half the 1.71M from the same week a year ago. Wheat is 36.3% behind at 7.53M MT since June 1.

Beans are trading about 16 lower today, wheat about 3 higher and corn roughly unchanged. Jan beans settled Friday at 1234.25, under the 20 day near 1276 and the 50 day near 1298 but above the 200 day near 1201. Dec corn at 447.75 and Dec wheat at 603.50 sit under all three averages, with RSI at 22.8 in corn and 23.6 in wheat. A close back above the 20 day near 1276 in Jan beans opens the door to the 20 day high at 1325, while a close under the 20 day low at 1226.50 puts the 200 day near 1201 in play.