News
Weekly export inspections up on year
The USDA says corn and wheat export inspections as of the week ending August 15th are running ahead of the paces needed to meet projections for the current respective marketing years. The 2024/24 marketing year got underway June 1st for wheat, while 2023/24 started September 1st for corn, sorghum, and soybeans. The USDA’s next round of supply and demand estimates is out September 12th.
Wheat came out at 347,519 tons, down 319,143 from the week ending August 8th, but up 36,205 from the week ending August 17th, 2023. The main destinations were Indonesia and Japan. Nearing the end of the first quarter of the 2024/25 marketing year, wheat inspections are 4,583,746 tons, compared to 3,639,908 in 2023/24.
Corn was reported at 1,166,090 tons, 179,907 higher than the previous week and 655,531 above a year ago. The leading destinations were Mexico and Japan. Late in the 2023/24 marketing year, corn inspections are 50,099,221 tons, compared to 36,181,641 in 2022/23.
Soybeans were pegged at 398,233 tons, 48,597 more than the prior week and 77,802 greater than last year. The leading destinations were Germany and Egypt. So far, this marketing year, soybean inspections are 43,784,599 tons, compared to 51,546,643 a year ago.
Sorghum totaled 107,503 tons, an increase of 48,097 on the week and 49,570 on the year. The largest single destination was China, followed distantly by Madagascar. 2023/24 sorghum inspections are 5,791,665 tons, compared to 2,513,236 in 2022/23.
Add Comment