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Slow week for export inspections

The USDA says corn, sorghum, and soybean export inspections during the week ending July 2nd were short of what’s needed to meet USDA projections for the 2019/20 marketing year, which runs through the end of August for those commodities. The 2020/21 marketing year for wheat started June 1st.

Wheat came out at 326,448 tons, down 188,911 from the week ending June 25th and 301,605 lower than the week ending July 4th, 2019. The primary destinations for the week were Mexico and Taiwan. Early in the 2020/21 marketing year, wheat inspections are 2,327,401 tons, compared to 2,612,142 in 2019/20.

Corn was reported at 962,445 tons, 278,593 less than the previous week, but 241,026 more than this time last year. The top destinations were Japan and Mexico. With about two months left in the 2019/20 marketing year, corn inspections are 34,208,812 tons, compared to 42,481,209 late in 2018/19.

Soybeans were pegged at 521,638 tons, 187,976 above the week before, but 240,207 below a year ago. The main destinations were China and Mexico. So far, this marketing year, soybean inspections are 37,338,882 tons, compared to 37,863,951 tons last year.

Sorghum totaled 51,217 tons, a decline of 108,223 on the week and 18,926 on the year. China was the biggest single destination, with a small amount headed to Mexico. 2019/20 sorghum inspections are 4,060,508 tons, compared to 1,708,572 in 2018/19.

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