News
Export inspections down on week
The USDA says grain and oilseed export inspections as of the week ending December 2nd remain behind the respective paces needed to meet projections for the current marketing year. The 2021/22 marketing year started June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply, demand, and production numbers is out Thursday, December 9th at Noon Eastern/11 Central.
Wheat came out at 245,963 tons, down 144,808 from the week ending November 25th and 291,114 from the week ending December 6, 2021 3rd, 2020. The leading destinations were South Korea and Mexico. At the halfway point of the 2021/22 marketing year, wheat inspections are 11,147,986 tons, compared to 13,476,544 in 2020/21.
Corn was reported at 758,169 tons, 47,045 lower than the previous week and 66,337 under this time last year. The top destinations were Mexico and China. Starting the second quarter of the marketing year, corn inspections are 9,378,792 tons, compared to 11,168,642 a year ago.
Soybeans were pegged at 2,246,664 tons, a decrease of 11,641 from the week before and 348,687 from a year ago. The main destinations were China and Germany. So far, this marketing year, soybean inspections are 23,569,566, compared to 29,867,072 last year.
Sorghum totaled 169,626 tons, 21,023 less than the prior week, but 96,123 more than last year. The largest single destination was China, followed distantly by Indonesia. 2021/22 sorghum inspections are 1,113,964 tons, compared to 1,528,975 in 2020/21.
