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China top destination for corn, soybeans, sorghum
The USDA says China was the top destination for several key U.S. commodities during the week ending January 20th, 2022. Overall, the pace of inspections for those commodities remains behind the previous marketing year. The 2021/22 marketing year started June 1st, 2021 for wheat and September 1st, 2021 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out February 9th.
Wheat came out at 400,973 tons, up 16,682 from the week ending January 13th, but down 170,704 from the week ending January 21st, 2021. The leading destinations were the Philippines and Nigeria. At this point in the 2021/22 marketing year, wheat inspections are 13,218,122 tons, compared to 16,152,320 in 2020/21.
Corn was reported at 1,115,731 tons, 121,517 lower than the previous week and 287,332 under a year ago. The top destinations were China and Japan. For the marketing year to date, corn inspections are 16,437,247 tons, compared to 18,901,338 this time last year.
Soybeans were pegged at 1,297,802 tons, a decrease of 428,917 from the prior week and 805,663 from last year. The top destinations were China and Italy. So far, this marketing year, soybean inspections are 34,752,128 tons, compared to 45,559,886 a year ago.
Sorghum totaled 76,872 tons, a decline of 64,978 on the week and 102,310 on the year. The listed destinations were China and Mexico. 2021/22 sorghum inspections are 2,149,543 tons, compared to 2,820,398 in 2020/21.
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