Wheat export inspections stay ahead of year ago pace

The USDA says export inspections for the week ending August 22nd were mixed. Overall, 2019/20 wheat inspections remain ahead of the 2018/19 pace, while 2018/19 inspections for corn, sorghum, and soybeans trail 2017/18, with the current marketing year wrapping up September 1st.

Wheat came out at 492,998 tons, down 71,634 from the week ending August 15th and 6,929 lower than the week ending August 23rd, 2018. The top weekly destinations were Japan and Indonesia. Just short of a quarter into the 2019/20 marketing year, wheat inspections are 6,014,256 tons, compared to 4,854,465 in 2018/19.

Corn was reported at 639,154 tons, 128,820 more than the previous week, but 625,633 less than this time last year. Japan and Mexico were the leading destinations. Nearing the end of the 2018/19 marketing year, corn inspections are 46,796,286 tons, compared to 56,409,175 late in 2017/18.

Soybeans were pegged at 961,964 tons, 196,791 below the week before, but 54,019 above a year ago. China was the primary recipient, followed by Mexico. So far, this marketing year, soybean inspections are 44,447,219 tons, compared to 55,521,416 last year.

Sorghum totaled 9,509 tons, a drop of 47,293 on the week and 130,304 on the year. The main destinations were Mexico and Madagascar. 2018/19 sorghum inspections are 2,008,964 tons, compared to 5,111,629 late in 2017/18.

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