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Corn, sorghum inspections up on week

The USDA says that old crop corn export inspections as of the week ending June 10th continue to move at a rapid pace, while new crop inspections for wheat are off to a slow start. The 2021/22 marketing year for wheat started June 1st, 2021, while 2020/21 got underway September 1st, 2020 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out July 12th.

Wheat came out at 480,341 tons, down 13,297 from the week ending June 3rd and 83,721 from the week ending June 11th, 2020. The main destinations were the Philippines and Nigeria. Early in the 2021/22 marketing year, wheat inspections are 673,329 tons, compared to 799,558 in 2020/21.

Corn was reported at 1,544,031 tons, up 117,186 from the previous week and 622,382 from this time last year. The top destinations were China and Japan. In the final quarter of the 2020/21 marketing year, corn inspections are 53,968,067 tons, compared to 30,797,777 in 2019/20.

Soybeans were pegged at 128,092 tons, 111,292 lower than the week before and 307,377 below a year ago. The leading destinations were Mexico and Japan. So far, this marketing year, soybean inspections are 56,806,815 tons, compared to 36,234,175 last year.

Sorghum totaled 151,716 tons, 89,132 more than the prior week, but 70,953 less than last year. The largest single destination was China, followed by Madagascar. 2020/21 sorghum inspections are 6,417,930 tons, compared to 3,741,840 in 2019/20.

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