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Soybean, sorghum export inspections up on week, year
China and Mexico dominated U.S. export inspections during the week ending September 1st. The 2022/23 marketing year kicked off June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out Monday, September 12th, at Noon Eastern/11 Central.
Wheat came out at 477,657 tons, down 153,579 from the week ending August 25th, but up 65,008 from the week ending September 2nd, 2021. The main destinations were Mexico and South Korea. At the start of the second quarter of the 2022/23 marketing year for wheat, export inspections are 5,602,812 tons, compared to 6,616,276 in 2021/22.
Corn was reported at 518,373 tons, 171,078 lower than the previous week, but 179,657 higher than this time last year. The leading destinations were Mexico and China. At the start of the marketing year, corn inspections are 109,584 tons, compared to 39,453 a year ago.
Soybeans were pegged at 495,845 tons, an increase of 56,034 from the week before and 402,192 from a year ago. The top destinations were China and Mexico. So far, this marketing year, soybean inspections are 49,582 tons, compared to 30,354 last year.
Sorghum totaled 58,242 tons, 35,771 above the prior week and 52,892 more than last year. The primary destinations were Mexico and South Korea. 2022/23 sorghum inspections are 1,294 tons, compared to 1,317 at the outset of 2021/22.
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