Corn export inspections up on year
The USDA says corn export inspections as of the week ending June 3rd continue to move at a faster than a year ago pace. The 2021/22 marketing year started June 1st for wheat, while 2020/21 got underway September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out June 10th at Noon Eastern/11 Central.
Wheat came out at 418,547 tons, up 158,259 from the week ending May 27th, but down 91,715 from the week ending June 4th, 2020. The top destinations were the Philippines and Mexico. Very early in the 2021/22 marketing year, wheat inspections are 128,874 tons, compared to 235,496 in 2020/21.
Corn was reported at 1,413,073 tons, 691,290 lower than the previous week, but 182,088 higher than this time last year. The biggest destinations were China and Japan. In the final quarter of the 2020/21 marketing year, corn inspections are 52,410,264 tons, compared to 29,876,128 in 2019/20.
Soybeans were pegged at 237,108 tons, 42,977 more than the week before, but 36,944 less than a year ago. The leading destinations were Mexico and Indonesia. So far, this marketing year, soybean inspections are 56,676,447 tons, compared to 35,795,706 last year.
Sorghum totaled 216 tons, a drop of 236,739 on the week and 197,770 on the year. The listed destinations were Mexico and Italy. 2020/21 sorghum inspections are 6,203,846 tons, compared to 3,519,171 in 2019/20.