Quiet week for export inspections


Quiet week for export inspections

The USDA says that as of the week ending December 30th, 2021, corn, 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, 2021 for wheat and September 1st, 2021 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is scheduled for January 12th.

Wheat came out at 141,816 tons, down 149,391 from the week ending December 23rd and 334,085 from the week ending December 31st, 2020. The main destinations were Nigeria and the Philippines. At this point in the 2021/22 marketing year, wheat inspections are 12,086,652 tons, compared to 15,015,437 in 2020/21.

Corn was reported at 596,092 tons, 358,396 lower than the previous week and 493,348 below a year ago. The top destinations were Mexico and Colombia. For the marketing year to date, corn inspections are 12,898,120 tons, compared to 15,218,768 this time last year.

Soybeans were pegged at 1,191,739 tons, a decline of 540,552 from the prior week and 572,339 from last year. The leading destinations were China and Italy. So far, this marketing year, soybean inspections are 30,301,724 tons, compared to 39,220,494 a year ago.

Sorghum inspections totaled 1,879 tons, a drop of 173,506 on the week and 154,923 on the year. The listed destinations were Mexico and China. 2021/22 sorghum inspections are 1,729,267 tons, compared to 2,348,260 in 2020/21.