Export inspections remain behind year ago pace
The USDA says corn, soybean, and wheat export inspections as of the week ending October 28th remain slower than what’s needed to meet projections for the current marketing year. 2021/22 started June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out Tuesday, November 9th at Noon Eastern/11 Central.
Wheat came out at 115,341 tons, down 82,138 from the week ending October 21st and 198,014 from the week ending October 29th, 2020. The top destinations were Mexico and Honduras. At this point in the 2021/22 marketing year, wheat inspections are 9,651,110 tons, compared to 11,403,129 in 2020/21.
Corn was reported at 619,340 tons, 15,524 lower than the previous week and 121,272 under this time last year. The leading destinations were Mexico and Japan. For the marketing year to date, corn inspections are 5,422,076 tons, compared to 6,910,239 a year ago.
Soybeans were pegged at 2,272,003 tons, 293,926 less than the week before and 118,545 below a year ago. The main destinations were China and Mexico. So far, this marketing year, soybean inspections are 10,863,867 tons, compared to 17,173,444 last year.
Sorghum totaled 77,108 tons, a decrease of 2,952 on the week and 26,212 on the year. The primary destinations were China and Mexico. 2021/22 sorghum inspections are 495,051 tons, compared to 648,414 in 2020/21.