News
Mexico leads weekly export inspections
The USDA says wheat export inspections for the week ending September 2nd were below what’s needed weekly to meet projections for the current marketing year. The generally slow week for inspections was due in part to infrastructure damage caused by Hurricane Ida at facilities in and around New Orleans, Louisiana. The 2021/22 marketing year got underway June 1st, 2021 for wheat and September 1st, 2021 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out Friday, September 10th at Noon Eastern/11 Central.
Wheat came out at 381,551 tons, up 11,090 from the week ending August 26th, but down 317,835 from the week ending September 3rd, 2020. The main destinations were Mexico and the Philippines. Just over a quarter into the 2021/22 marketing year, wheat inspections are 6,487,016 tons, compared to 7,467,467 in 2020/21.
Corn was reported at 275,799 tons, 307,699 lower than the previous week and 612,090 under this time last year. The top destinations were Mexico and Japan. Very early in the marketing year, corn inspections are 39,453 tons, compared to 271,920 a year ago.
Soybeans were pegged at 68,059 tons, a drop of 318,780 from the week before and 1,444,760 from a year ago. The leading destinations were Mexico and Indonesia. So far, this marketing year, soybean inspections are 18,778 tons, compared to 382,227 last year.
Sorghum totaled 3,831 tons, a decrease of 70,355 on the week and 29,313 on the year. The lone listed destination was Mexico. 2021/22 sorghum inspections are 1,317 tons, compared to 33,096 in 2020/21.
