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Mexico last week’s top destination for U.S. export inspections

The USDA says corn, sorghum, soybean, and wheat export inspections during the week ending June 30th were below what’s needed to meet projections for the current respective marketing years. The 2021/22 marketing year started September 1st, 2021 for beans, corn, and sorghum, while 2022/23 got underway June 1st, 2022 for wheat. The USDA’s next set of supply and demand estimates is out Tuesday, July 12th at Noon Eastern/11 Central.

Wheat came out at 111,830 tons, down 241,064 from the week ending June 23rd and 256,449 from the week ending July 1st, 2021. The leading destinations were Mexico and Colombia. About a month into the 2022/23 marketing year, wheat inspections are 1,451,658 tons, compared to 1,908,464 early in 2022/22.

Corn was reported at 676,824 tons, 570,126 lower than the previous week and 574,759 under this time last year. The main destinations were Mexico and Japan. In the final quarter of the 2021/22 marketing year, corn inspections are 48,094,166 tons, compared to 58,291,790 in 2020/21.

Soybeans were pegged at 354,987 tons, 120,569 less than the week before, but 135,752 more than a year ago. The top destinations were Mexico and Germany. So far, this marketing year, soybean inspections are 51,735,043 tons, compared to last year.

Sorghum totaled 10,228 tons, a decrease of 138,468 on the week, but an increase of 5,381 on the year. The listed destinations were Mexico and China. 2021/22 sorghum inspections are 6,699,359 tons, compared to 6,482,901 in 2020/21.

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