News
Good pace continues for U.S. export inspections
The USDA says that as of the week ending October 1st, corn, sorghum, soybean, and wheat export inspections continue to run ahead of projections for the current marketing year. The 2020/21 marketing year started June 1st for wheat and September 1st for beans, corn, and sorghum.
Wheat came out at 643,671 tons, up 56,755 from the week ending September 24th and 164,336 higher than the week ending October 3rd, 2019. The leading destinations were the Philippines and Nigeria. At this stage of the 2020/21 marketing year, wheat inspections are 9,887,993 tons, compared to 9,000,900 in 2019/20.
Corn was reported at 863,995 tons, 37,000 more than the previous week and 390,586 above a year ago. The top destinations were China and Mexico. Just over a month into the marketing year, corn inspections are 3,667,612 tons, compared to 2,025,672 this time last year.
Soybeans were pegged at 1,667,068 tons, 370,500 larger than the week before and a jump of 614,801 from last year. The main destinations were China and Mexico. So far, this marketing year, soybean inspections are 6,600,720 tons, compared to 4,206,806 a year ago.
Sorghum totaled 157,647 tons, an increase of 99,404 on the week and 69,354 on the year. China was the sole listed destination. 2020/21 sorghum inspections are 461,755 tons, compared to 189,351 in 2019/20.
