USDA Export Inspections

USDA Export Inspections

Week Ending October 22, 2026

Soybeans🫘: 90.994 mbu
Corn🌽: 24.614 mbu
Wheat🌾: 6.754 mbu

Analysis 

Soybeans held above 2M MT for the second straight week at 2.476M, up from 2.068M, with China taking 1.652M and Mexico 265K. Corn slipped to 625K MT from 692K, led by Mexico at 352K and Honduras at 143K. Wheat fell to 184K MT from 255K, with Mexico at 71K and Vietnam at 61K.

Bean inspections are running 42.4% ahead of last year at 9.71M MT since September 1, and this week more than doubled the 1.16M from the same week a year ago. Corn is 7.7% behind last year's pace at 9.78M MT, with this week about half the 1.24M shipped a year ago. Wheat is still 35.4% behind at 7.42M MT since June 1.

Beans are trading about 18 lower today, wheat about 8 lower and corn roughly unchanged. Nov beans settled Friday at 1256.50, under the 20 day near 1276.50 and the 50 day near 1282.50 but well above the 200 day near 1184. Dec corn at 456.00 and Dec wheat at 625.00 sit under all three averages, with RSI at 23.3 in corn and 25.7 in wheat. A close back above the 20 day near 1276.50 in Nov beans opens the door to the 20 day high at 1322.50, while a close under the 20 day low at 1235.75 puts the 200 day near 1184 in play.