Good week for sorghum, wheat export inspections
The USDA says sorghum and wheat export inspections during the week ending July 9th were above what’s needed to meet projections for the current respective marketing years. The 2020/21 marketing year for wheat started June 1st, while 2019/20 runs through the end of August for corn, sorghum, and soybeans.
Wheat came out at 624,211 tons, up 249,915 from the week ending July 2nd and 275,293 higher than the week ending July 11th, 2019. The primary destinations were China and Japan. Just over a month into the 2020/21 marketing year, wheat inspections are 2,999,460 tons, compared to 2,961,060 in 2019/20.
Corn was reported at 902,623 tons, 131,712 less than the previous week, but 212,712 more than this time last year. The leading weekly destinations were Japan and Mexico. With less than two months left in 2019/20, corn inspections are 35,183,325 tons, compared to 43,171,660 late in 2018/19.
Soybeans were pegged at 483,331 tons, down 77,324 from the week before and 372,307 lower than a year ago. China and Indonesia were the top destinations. So far, this marketing year, soybean inspections are 37,861,230 tons, compared to 38,719,589 last year.
Sorghum totaled 71,265 tons, an increase of 12,900 on the week and 9,579 on the year. China was the biggest single destination at more than 70,000 tons, with the remainder headed to Mexico. 2019/20 sorghum inspections are 4,139,435 tons, compared to 1,770,258 in 2018/19.