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Corn, wheat export inspections up on week, year

The USDA says that as of the week ending May 13th, 2021, corn and soybean export inspections remain ahead of the pace needed to meet projections for the current marketing year. The 2020/21 marketing year started June 1st, 2020 for wheat and September 1st, 2020 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out June 10th.

Wheat came out at 658,509 tons, up 94,911 from the week ending May 6th and 166,733 from the week ending May 14th, 2020. The top destinations were the Philippines and Nigeria. With less than a month remaining in the 2020/21 marketing year, wheat inspections are 24,374,022 tons, compared to 23,932,009 late in 2019/20.

Corn was reported at 1,892,243 tons, 175,944 higher than the previous week and 709,772 above this time last year. The main destinations were China and Mexico. Closing in on the final quarter of the marketing year, corn inspections are 47,055,450 tons, compared to 26,365,510 a year ago.

Soybeans were pegged at 308,818 tons, 64,759 more than the prior week, but 101,385 less than a year ago. The leading destinations were Japan and Mexico. So far, this marketing year, soybean inspections are 56,012,229 tons, compared to 34,724,732 last year.

Sorghum totaled 59,949 tons, a decrease of 65,162 tons on the week and 220,756 on the year. Most of that was listed as heading to China, with a much smaller amount on the way to Mexico. 2020/21 sorghum inspections are 5,802,978 tons, compared to 3,006,764 in 2019/20.

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