Wheat export inspections up on week
The USDA says corn, sorghum, soybean, and wheat export inspections as of the week ending November 25th remain slower than what’s needed to meet projections for the 2021/22 marketing year. The current 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 250,651 tons, up 57,829 from the week ending November 18th, but down 283,883 from the week ending November 26th, 2020. The main destinations were the Philippines and Mexico. Close to the end of the first half of 2021/22, wheat inspections are 10,753,221 tons, compared to 12,939,467 in 2020/21.
Corn was reported at 766,063 tons, 59,587 lower than the previous week and 279,737 less than this time last year. The leading destinations were Mexico and Japan. With the end of the first quarter of the marketing year in sight, corn inspections are 8,581,472 tons, compared to 10,344,136 a year ago.
Soybeans were pegged at 2,142,844 tons, a decrease of 289,051 from the week before and 281,513 from a year ago. The top destinations were China and Egypt. So far, this marketing year, soybean inspections are 21,123,202 tons, compared to 27,271,721 last year.
Sorghum inspections totaled 190,649 tons, a decline of 48,337 on the week and 165,032 on the year. The largest single destination was China, followed by Mexico. 2021/22 sorghum inspections are 944,338 tons, compared to 1,455,472 in 2020/21.