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Export inspections mostly down on week

The USDA says wheat export inspections as of the week ending April 21st are running ahead of the pace needed for the 2021/22 marketing year. The current marketing year started June 1st, 2021 for wheat and September 1st, 2021 for corn, sorghum, soybeans. The USDA’s next set of supply and demand estimates is out May 12th.

Wheat came out at 287,997 tons, down 158,228 from the week ending April 14th and 293,090 from the week ending April 22nd, 2021. The top destinations were Mexico and the Philippines. With just over a month remaining in the 2021/22 marketing year, wheat inspections are 18,369,608 tons, compared to 22,655,897 in 2020/21.

Corn was reported at 1,650,844 tons, 475,446 higher than the previous week, but 303,168 lower than this time last year. The main destinations were Japan and Mexico. Closing in on the final quarter of the marketing year, corn inspections are 34,878,754 tons, compared to 41,408,942 a year ago.

Soybeans were pegged at 602,178 tons, 401,925 less than the prior week, but 317,614 more than a year ago. The leading destinations were China and Mexico. So far, this marketing year, soybean inspections are 46,598,182 tons, compared to 55,497,621 last year.

Sorghum totaled 168,777 tons, a decrease of 154,690 on the week and 13,887 on the year. The primary destinations were China and Spain. 2021/22 sorghum inspections are 5,088,673 tons, compared to 5,384,871 a year ago.

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