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Sorghum, wheat export inspections up on week, year

U.S. corn export inspections continue to move out faster than what’s needed to meet USDA projections for the current marketing year as of the week ending April 11th. The 2023/24 marketing year kicked off June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next round of supply and demand estimates is out May 10th.

Wheat came out at 551,278 tons, up 34,443 from the week ending April 4th and 273,876 from the week ending April 13th, 2023. The primary destinations were China and the Philippines. With just over a month and a half remaining in the 2023/24 marketing year, wheat inspections are 15,921,298 tons, compared to 17,526,921 in 2022/23.

Corn was reported at 1,331,683 tons, 111,133 lower than the previous week, but 94,423 higher than a year ago. The top destinations were Mexico and Japan. In the back half of this marketing year, corn inspections are 28,681,966 tons, compared to 21,445,968 last year.

Soybeans were pegged at 432,905 tons, a decrease of 58,967 from the prior week and 97,437 from last year. The leading destinations were China and Indonesia. So far, this marketing year, soybean inspections are 38,039,186 tons, compared to 46,669,816 a year ago.

Sorghum totaled 76,851 tons, an increase of 7,012 on the week and 17,865 on the year. The lone listed destination was China. 2023/24 sorghum inspections are 4,187,833 tons, compared to 1,251,555 in 2022/23.

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