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Export inspections mostly up on week
The USDA says corn, soybean, and wheat export inspections for the week ending July 28th were less than what’s needed to meet projections for the current respective marketing years. The 2021/22 marketing year started September 1st, 2021 for corn, sorghum, and soybeans, while 2022/23 got underway June 1st, 2022 for wheat. The USDA’s next set of supply and demand estimates is out Friday, August 12th at Noon Eastern/11 Central.
Wheat came out at 256,601 tons, down 218,925 from the week ending July 21st and 148,614 from the week ending July 29th, 2021. The main destinations were Mexico and Taiwan. At this point in the 2022/23 marketing year, wheat inspections are 2,848,425 tons, compared to 3,791,107 in 2021/22.
Corn was reported at 856,938 tons, 103,145 higher than the previous week, but 610,441 lower than a year ago. The leading destinations were China and Mexico. Closing in on the final month of the 2021/22 marketing year, corn inspections are 51,926,177 tons, compared to 63,092,662 late in 2020/21.
Soybeans were pegged at 555,083 tons, up 162,603 from the week before and 369,360 from this time last year. The top destinations were China and Mexico. So far, this marketing year, soybean inspections are 53,561,468 tons, compared to 58,357,567 a year ago.
Sorghum totaled 92,019 tons, an increase of 14,823 on the week and 36,713 on the year. The biggest destinations were China and Mexico. 2021/22 sorghum inspections are 7,236,681 tons, compared to 6,767,030 in 2020/21.
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