News
Export inspections mostly mixed on week, year
The USDA says that as of the week ending January 5th, soybean and wheat export inspections are in-line with the respective paces needed to meet projections for the current marketing year. The 2022/23 marketing year started June 1st, 2022 for wheat and September 1st, 2022 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out Thursday, January 12th at Noon Eastern/11 Central.
Wheat came out at 201,673 tons, up 116,001 from the week ending December 29th, 2022, but down 32,683 from the week ending January 6th, 2022. The leading destinations were China and Ethiopia. At this point in the 2022/23 marketing year, wheat inspections are 12,094,151 tons, compared to 12,434,776 in 2021/22.
Corn was reported at 397,585 tons, 285,457 lower than the previous week and 626,071 below a year ago. The main destinations were Mexico and China. For the marketing year to date, corn inspections are 9,997,874 tons, compared to 14,090,143 last year.
Soybeans were pegged at 1,438,183 tons, 37,161 less than the week before, but 452,362 more than last year. The top destinations were China and Italy. So far, this marketing year, soybean inspections are 30,076,241 tons, compared to 31,780,111 a year ago.
Sorghum totaled 11,332 tons, an increase of 8,578 on the week, but a decrease of 190,150 on the year. The primary destinations were Ethiopia and Mexico. 2022/23 sorghum inspections are 418,224 tons, compared to 1,930,821 in 2021/22.
Add Comment