China last week’s top destination for corn, sorghum, soybeans

The USDA says corn, soybean, and wheat export inspections as of the week ending August 11th are below the paces needed to meet projections for the respective current marketing years. The 2021/22 marketing year got underway September 1st, 2021 for beans, corn, and sorghum, while 2022/23 started June 1st, 2022 for wheat. The USDA’s next set of supply and demand estimates is out September 12th.

Wheat came out at 373,227 tons, down 262,493 from the week ending August 4th and 220,393 from the week ending August 12th, 2021. The main destinations were Mexico and the Philippines. About two and a half months into the 2022/23 marketing year, wheat inspections are 3,882,869 tons, compared to 5,038,818 in 2021/22.

Corn was reported at 538,406 tons, 17,214 lower than the previous week and 254,190 below a year ago. The top destinations were China and Mexico. Closing in on the end of the 2021/22 marketing year, corn inspections are 53,079,695 tons, compared to 64,703,944 in 2020/21.

Soybeans were pegged at 744,571 tons, 126,774 less than the prior week, but 466,151 more than last year. The leading destinations were China and Mexico. So far, this marketing year, soybean inspections are 55,283,872 tons, compared to 58,764,097 a year ago.

Sorghum totaled 60,144 tons, a decrease of 327 on the week, but an increase of 4,428 on the year. The listed destinations were China and Mexico. 2021/22 sorghum inspections are 7,357,786 tons, compared to 6,898,583 in 2020/21.

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