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Export inspections mostly up on week
The USDA says wheat export inspections as of the week ending September 15th remain behind the pace needed to meet projections for the current marketing year. 2022/23 got underway June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out October 12th.
Wheat came out at 790,145 tons, up 32,341 from the week ending September 8th and 222,623 from the week ending September 16th, 2021. The main destinations were China and Japan. Early in the second quarter of the 2022/23 marketing year, wheat inspections are 7,211,633 tons, compared to 7,751,236 in 2021/22.
Corn was reported at 549,354 tons, 74,966 higher than the previous week and 145,932 above a year ago. The leading destinations were Japan and China. A couple of weeks into the marketing year, corn inspections are 1,147,097 tons, compared to 622,041 this time last year.
Soybeans were pegged at 518,743 tons, an increase of 117,030 from the prior week and 239,171 from last year. The top destinations were China and Mexico. So far, this marketing year, soybean inspections are 912,755 tons, compared to 503,820 a year ago.
Sorghum totaled 8,565 tons, a decrease of 37,948 on the week and 642 on the year. The listed destinations were Mexico and Madagascar. 2022/23 sorghum inspections are 56,372 tons, compared to 15,050 in 2021/22.
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