News
Corn, sorghum export inspections up on week
The USDA says that as of the week ending August 1st corn export inspections remain ahead of the pace needed to meet expectations for the current marketing year. The 2024/25 marketing year for wheat got underway June 1st, while 2023/24 began September 1st for corn, sorghum, and soybeans. The USDA’s next round of supply, demand, and production numbers is out Monday, August 12th at Noon Eastern/11 Central.
Wheat came out at 440,888 tons, down 13,016 from the week ending July 25th, but up 122,289 from the week ending August 3rd, 2023. The top destinations were Mexico and Yemen. A couple of months into the 2024/25 marketing year, wheat inspections are 3,539,173 tons, compared to 3,059,326 in 2023/24.
Corn was reported 1,213,422 tons, 143,102 higher than the previous week and 825,449 above a year ago. The main destinations were Japan and Mexico. Closing in on the end of the 2023/24 marketing year, corn inspections are 47,887,744 tons, compared to 35,212,052 in 2022/23.
Soybeans were pegged at 261,203 tons, 147,379 lower than the week before and 29,535 below last year. The leading destinations were Mexico and Indonesia. So far, this marketing year, soybean inspections are 43,031,067 tons, compared to 50,807,842 a year ago.
Sorghum totaled 172,132 tons, an increase of 117,550 on the week and 136,007 on the year. The largest destination was China, followed distantly by Madagascar. 2023/24 sorghum inspections are 5,624,756 tons, compared to 2,339,005 in 2022/23.
Add Comment