News
Good pace continues for export inspections
The USDA says corn, sorghum, soybean, and wheat export inspections as of the week ending September 17th are ahead of the USDA’s projections for the current marketing year. The 2020/21 marketing year got underway June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out October 9th.
Wheat came out at 469,939 tons, down 222,483 from the week ending September 10th and 18,708 lower than the week ending September 19th, 2019. The top destinations for the week were Japan and Brazil. Just over a quarter into the 2020/21 marketing year, wheat inspections are 8,624,311 tons, compared to 8,018,650 in 2019/20.
Corn was reported at 755,111 tons, 184,002 below the previous week, but 519,722 above this time last year. The primary destinations were Colombia and China. Less than a month into the marketing year, corn inspections are 1,966,144 tons, compared to 1,130,528 a year ago.
Soybeans were pegged at 1,310,854 tons, 314,834 less than the week before, but 384,583 more than a year ago. China and Indonesia were the leading destinations. So far, this marketing year, soybean inspections are 3,567,160 tons, compared to 2,168,234 last year.
Sorghum totaled 71,452 tons, a decrease of 69,816 on the week, but an increase of 65,176 on the year. China was the biggest single destination, with the remainder headed to Italy. 2020/21 sorghum inspections are 245,816 tons, compared to 85,675 in 2019/20.
