Export inspections mixed on week, year
The USDA says that as of the week ending July 13th, soybean export inspections remain on track to meet projections for the current marketing year. The 2023/24 marketing year got underway June 1st, 2023, while 2022/23 kicked off September 1st, 2022 for beans, corn, and sorghum.
Wheat came out at 253,409 tons, down 165,917 from the week ending July 6th, but up 59,857 from the week ending July 14th, 2022. The main destinations were Chile and Mexico. In the middle of the first quarter of the 2023/24 marketing year, wheat inspections are 1,773,359 tons, compared to 2,116,322 in 2023/24.
Corn was reported at 363,818 tons, 14,231 higher than the previous week, but 723,367 lower than a year ago. The top destinations were Mexico and China. Late in the 2022/23 marketing year, corn inspections are 33,874,31 tons, compared to 50,326,754 in 2021/22.
Soybeans were pegged at 155,556 tons, a decrease of 145,209 from the week before and 283,232 from last year. The leading destinations were Germany and Mexico. So far, this marketing year, soybean inspections are 49,888,673 tons, compared to 52,683,123 a year ago.
Sorghum totaled 139,333 tons, an increase of 69,255 on the week and 22,900 on the year. The listed destinations were China and Mexico. 2022/23 sorghum inspections are 2,062,282 tons, compared to 7,067,466 in 2021/22.