Sorghum export inspections up on week, year

The USDA says wheat export inspections as of the week ending June 27th are running ahead of the pace needed to meet projections for the current marketing year. The 2024/25 marketing year kicked off June 1st for wheat, while 2023/24 got underway September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out July 12th.

Wheat came out at 309,775 tons, down 33,897 from the week ending June 20th and 32,400 from the week ending June 29th, 2023. The leading destinations were Indonesia and the Philippines. Less than a month into the 2024/25 marketing year, wheat inspections are 1,362,323 tons, compared to 1,101,405 early in 2023/24.

Corn was reported at 819,577 tons, 333,373 lower than the previous week, but 143,688 higher than a year ago. The main destinations were Japan and Mexico. In the final quarter of the 2023/24 marketing year, corn inspections are 42,477,583 tons, compared to 33,161,226 in 2022/23.

Soybeans were pegged at 303,023 tons, 46,861 less than the prior week, but 38,851 more than last year. The top destinations were Egypt and Mexico. So far, this marketing year, soybean inspections are 41,536,686 tons, compared to 49,432,352 a year ago.

Sorghum totaled 55,289 tons, an increase of 54,180 on the week and 46,179 on the year. The listed destinations were China and Mexico. 2023/24 sorghum inspections are 5,199,743 tons, compared to 1,852,871 in 2022/23.

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