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Grain, oilseed export inspections down on week

The USDA says that as of the week ending December 8th, corn and soybean export inspections are running behind the respective paces needed to meet projections for the current marketing year. The 2022/23 marketing year started June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out January 12th, 2023.

Wheat came out at 218,460 tons, down 123,214 from the week ending December 1st and 50,502 from the week ending December 9th, 2021. The top destinations were Japan and Mexico. Early in the second half of the 2022/23 marketing year, wheat inspections are 11,135,594 tons, compared to 11,421,810 in 2021/22.

Corn was reported at 505,014 tons, a decrease of 319,415 from the previous week and 424,654 from a year ago. The main destinations were Mexico and China. Just after the start of the second quarter, corn inspections are 7,146,566 tons, compared to 10,350,149 this time last year.

Soybeans were pegged at 1,839,761 tons, 240,264 less than the prior week, but 91,369 more than last year. The leading destinations were China and Japan. So far, this marketing year, soybean inspections are 23,373,686 tons, compared to 25,517,888 a year ago.

Sorghum totaled 4,168 tons, a drop of 70,925 on the week and 116,532 on the year. The lone listed destination was Mexico. 2022/23 sorghum inspections are 357,021 tons, compared to 1,234,664 in 2021/22.

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