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Wheat, sorghum export inspections up on week

The USDA says that as of the week ending December 7th, corn export inspections are running just ahead of the pace needed to meet projections for the current marketing year. The 2023/24 marketing year kicked off June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out January 12th, 2024.

Wheat came out at 281,697 tons, up 93,742 from the week ending October 30th and 62,339 from the week ending December 8th, 2022. The main destinations were Japan and Mexico. Just over the halfway point for the 2023/24 marketing year, wheat inspections are 8,605,992 tons, compared to 11,136,492 in 2022/23.

Corn was reported at 711,733 tons, 464,719 less than the previous week, but 194,316 more than a year ago. The primary destinations were Mexico and China. Early in the second quarter of the marketing year, corn inspections are 9,179,830 tons, compared to 7,168,150 last year.

Soybeans were pegged at 984,410 tons, down 188,847 from the week before and 894,039 from this time last year. The top destinations were China and Mexico. So far, this marketing year, soybean inspections are 19,741,363 tons, compared to 23,547,948 a year ago.

Sorghum totaled 340,384 tons, an increase of 222,587 on the week and 336,216 on the year. The leading destinations were China and Djibouti. 2023/24 sorghum inspections are 1,426,031 tons, compared to 357,021 in 2022/23.

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