News
Corn, wheat export inspections up on week
The USDA says that as of the week ending November 11th, corn, sorghum, soybean, and wheat export inspections remain behind the pace needed to meet projections for the current marketing year. The 2021/22 marketing year 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 December 9th.
Wheat came out at 388,743 tons, up 137,291 from the week ending November 4th and 54,826 from the week ending November 12th, 2020. The leading destinations were Nigeria and Ethiopia. At this point in the 2021/22 marketing year, wheat inspections are 10,307,783 tons, compared to 12,041,285 in 2020/21.
Corn was reported at 855,698 tons, 206,675 more than the previous week, but 6,537 less than a year ago. The top destinations were Mexico and Colombia. For the marketing year to date, corn inspections are 6,978,566 tons, compared to 8,465,039 last year.
Soybeans were pegged at 2,073,579 tons, a decrease of 836,521 from the previous week and 457,143 on the year. The main destinations were China and Mexico. So far, this marketing year, soybean inspections are 16,188,121 tons, compared to 22,556,586 a year ago.
Sorghum totaled 7,497 tons, a drop of 201 on the week and 179,861 on the year. The primary destinations were Kenya and Mexico. 2021/22 sorghum inspections are 511,569 tons, compared to 977,422 in 2020/21.
