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Wheat, soybean export inspections up on week

The USDA says U.S. grain and oilseed export inspections were mixed during the week ending August 8th. The 2024/25 marketing year got underway June 1st for wheat, while 2023/24 kicked off 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 649,199 tons, up 178,717 from the week ending August 1st and 379,931 from the week ending August 10th, 2023. The top destinations were Brazil and the Philippines. Just over two months into the 2024/25 marketing year, wheat inspections are 4,218,764 tons, compared to 3,328,594 in 2023/24.

Corn was reported at 974,677 tons, 297,450 less than the previous week, but 515,638 more than a year ago. The main destinations were Mexico and Japan. Closing in on the end of the 2023/24 marketing year, corn inspections are 48,921,126 tons, compared to 35,671,082 in 2022/23.

Soybeans were pegged at 325,546 tons, 58,663 higher than the prior week, but 92,824 lower than last year. The leading destinations were Germany and China. So far, this marketing year, soybean inspections are 43,363,293 tons, compared to 51,226,212 a year ago.

Sorghum totaled 59,406 tons, down 112,726 on the week and 56,892 on the year. Nearly all of that was to China, followed distantly by Mexico. 2023/24 sorghum inspections are 5,684,162 tons, compared to 2,455,303 in 2022/23.

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