Good week for sorghum export inspections
The USDA says sorghum export inspections for the week ending June 4th were more than what’s needed weekly to meet projections for the current marketing year. The 2019/20 marketing year got underway September 1st for beans, corn, and sorghum, while 2020/21 started June 1st for wheat. The USDA’s next set of supply and demand estimates is out Thursday, June 11th at Noon Eastern/11 Central.
Wheat came out at 432,919 tons, down 122,581 from the week ending May 28th and 46,835 lower than the week ending June 6th, 2019. The main destinations were the Philippines and Nigeria. Early in the 2020/21 marketing year, wheat inspections are 169,153 tons, compared to 470,766 towards the outset of 2019/20.
Corn was reported at 1,100,078 tons, 46,206 less than the previous week, but 248,313 more than this time last year. The top destinations were South Korea and Japan. A few days in to the final quarter of the marketing year, corn inspections are 29,611,226 tons, compared to 40,179,103 a year ago.
Soybeans were pegged at 213,047 tons, 186,105 below the week before and 521,051 under a year ago. Japan and Egypt were the leading destinations. So far, this marketing year, soybean inspections are 35,624,912 tons, compared to 34,969,082 last year.
Sorghum totaled 195,657 tons, an increase of 70,538 on the week and 143,221 on the year. The sole listed destination was China. 2019/20 sorghum inspections are 3,515,642 tons, compared to 1,465,689 in 2018/19.