Corn export inspections top 2 million tons
The USDA says China and Mexico played significant roles for U.S. export inspections during the week ending May 27th. The 2020/21 marketing year started June 1st, 2020 for wheat and September 1st, 2020 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out June 10th.
Wheat came out at 256,496 tons, down 342,445 from the week ending May 20th and 299,004 from the week ending May 28th, 2020. The leading destinations were Mexico and South Korea. With a few reporting days left in the 2020/21 marketing year, wheat inspections are 25,231,272 tons, compared to 24,952,366 late in 2019/20.
Corn was reported at 2,049,217 tons, up 303,055 from the previous week and 856,833 from this time last year. The top destinations were China and Mexico. Entering the final quarter of the marketing year, corn inspections are 50,942,045 tons, compared to 28,655,143 a year ago.
Soybeans were pegged at 192,221 tons, 29,886 lower than the week before and 259,657 below a year ago. The main destinations were Mexico and Japan. So far, this marketing year, soybean inspections are 56,437,429 tons, compared to 35,521,654 last year.
Sorghum totaled 162,736 tons, 961 less than the prior week, but 37,127 more than last year. China was the biggest single destination, with the remainder for the week headed to Mexico. 2020/21 sorghum inspections are 6,129,411 tons, compared to 3,321,185 in 2019/20.