Corn export inspections up on week, down on year
The USDA says export inspections for the week ending December 9th were slower than what’s needed to meet projections for the current marketing year. The 2021/21 marketing year got underway June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out January 12th.
Wheat came out at 245,090 tons, down 1,167 from the week ending December 2nd and 18,350 from the week ending December 10th. The main destinations were Japan and Nigeria. Just over the halfway point of the 2021/22 marketing year, wheat inspections are 11,393,958 tons, compared to 13,739,984 in 2020/21.
Corn was reported at 810,395 tons, 35,437 more than the previous week, but 113,851 less than last year. The top destinations were China and Mexico. Early in the second quarter of the marketing year, corn inspections are 10,205,976 tons, compared to 12,092,888 a year ago.
Soybeans were pegged at 1,723,970 tons, a decrease of 610,151 from the week before and 734,301 from a year ago. The leading destinations were China and Egypt. So far, this marketing year, soybean inspections are 25,447,765 tons, compared to 32,325,343 last year.
Sorghum totaled 119,720 tons, 49,906 below the prior week and 79,373 under a year ago. The listed destinations were China and Mexico. 2021/22 sorghum inspections are 1,233,684 tons, compared to 1,728,068 in 2020/21.