Corn, soybean, wheat inspections down on week
The USDA says export inspections for the week ending May 9th were mostly lower than the week before. 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 Thursday, May 12th at Noon Eastern/11 Central.
Wheat came out at 236,847 tons, down 155,596 from the week ending April 28th and 326,751 from the week ending May 6th, 2021. The leading destinations were Indonesia and Japan. With less than a month left in the 2021/22 marketing year, wheat inspections are 19,000,508 tons, compared to 23,752,698 in 2020/21.
Corn was reported at 1,392,685 tons, 303,496 lower than the previous week and 323,614 below a year ago. The top destinations were Japan and Mexico. Early in the final quarter of the marketing year, corn inspections are 37,981,881 tons, compared to 45,336,518 this time last year.
Soybeans were pegged at 503,414 tons, 101,297 less than the prior week, but 226,324 more than last year. The main destinations were China and Indonesia. So far, this marketing year, soybean inspections are 47,713,343 tons, compared to 55,930,085 tons a year ago.
Sorghum totaled 270,492 tons, an increase of 52,611 on the week and 145,381 from a year ago. The lone reported destination was China. 2021/22 sorghum inspections are 5,577,413 tons, compared to 5,745,478 in 2020/21.