Good week for corn export inspections

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Good week for corn export inspections

The USDA says corn export inspections for the week ending April 2nd were more than what’s needed to meet projections for the current marketing year. The 2019/20 marketing year started June 1st for wheat and September 1st for corn, sorghum, and soybeans.

Wheat came out at 320,371 tons, down 64,837 from the week ending March 26th and 235,809 lower than the week ending April 4th, 2019. The primary weekly destinations were Japan and Mexico. With just about two months left in the 2019/20 marketing year, wheat inspections are 20,802,893 tons, compared to 19,407,084 in 2018/19.

Corn was reported at 1,271,481 tons, up 1,329 from the previous week and 209,100 higher than this time last year. The top destinations for corn were also Mexico and Japan. More than halfway through the marketing year, corn inspections are 19,334,202 tons, compared to 30,742,386 a year ago.

Soybeans were pegged at 298,124 tons, 115,833 less than the week before and a decline of 590,648 from a year ago. Egypt and Mexico were the primary destinations. So far, this marketing year, soybean inspections are 31,893,415 tons, compared to 30,168,723 last year.

Sorghum totaled 9,111 tons, a decrease of 130,109 on the week and 7,525 on the year. Most of the weekly shipments were headed to Japan and Mexico. 2019/20 sorghum inspections are 1,787,067 tons, compared to 1,059,936 in 2018/19.

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