Sorghum, wheat export inspections up on week
The USDA says corn, sorghum, and wheat export inspections for the week ending May 14th were above 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 440,822 tons, up 97,601 from the week ending May 7th, but down 398,134 from the week ending May 16th, 2019. The top destinations were Japan and the Philippines. With just a couple of weeks left in the 2019/20 marketing year, wheat inspections are 23,880,410 tons, compared to 23,669,088 late in 2018/19.
Corn was reported at 1,150,674 tons, 248,608 less than the previous week, but 310,200 more than this time last year. Mexico and Japan were the primary weekly destinations. Nearing the final quarter of the marketing year, corn inspections are 26,227,574 tons, compared to 37,473,771 a year ago.
Soybeans were pegged at 352,189 tons, a decrease of 182,420 from the week before and 145,933 from last year. The main weekly destinations were Egypt and China. So far, this marketing year, soybean inspections are 34,752,227 tons, compared to 33,187,286 a year ago.
Sorghum totaled 227,642 tons, an increase of 150,589 on the week and 209,985 on the year. China was the biggest single destination, followed by Ethiopia. 2019/20 sorghum inspections are 2,952,233 tons, compared to 1,320,579 in 2018/19.