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Corn, sorghum inspections up on week, year
The USDA says that as of the week ending December 16th, the pace of corn, soybean, and wheat export inspections remains slower than what’s needed to meet projections for the current marketing year. The 2021/22 marketing year got underway June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out January 12th, 2022.
Wheat came out at 211,880 tons, down 56,960 from the week ending December 9th and 180,298 from the week ending December 17th, 2020. The main destinations were Mexico and South Korea. Early in the second half of the 2021/22 marketing year, wheat inspections are 11,634,884 tons, compared to 14,132,162 in 2020/21.
Corn was reported at 1,001,528 tons, up 84,428 from the previous week and 231,406 from a year ago. The leading destinations were Mexico and China. Just after the end of the first quarter of the marketing year, corn inspections are 11,314,209 tons, compared to 12,863,010 this time last year.
Soybeans were pegged at 1,679,430 tons, a decrease of 67,543 from the week before and 1,178,068 from last year. The top destinations were China and Egypt. So far, this marketing year, soybean inspections are 27,150,198 tons, compared to 35,182,841 a year ago.
Sorghum totaled 316,359 tons, an increase of 195,659 on the week and 110,436 on the year. China was the largest single destination, followed distantly by Mexico. 2021/22 sorghum inspections are 1,551,023 tons, compared to 1,933,991 in 2020/21.
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