Sorghum, soybeans export inspections up on week
The USDA says corn export inspections as of the week ending January 27th are running close to the pace needed to meet expectations for the current marketing year. The 2021/22 marketing year started June 1st, 2021 for wheat and September 1st, 2021 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out February 9th.
Wheat came out at 361,375 tons, down 49,636 from the week ending January 20th and 52,873 from the week ending January 28th, 2021. The top destinations were Japan and Colombia. At this point in the 2021/22 marketing year, wheat inspections are 13,592,020 tons, compared to 16,566,568 in 2020/21.
Corn was reported at 1,035,734 tons, 150,351 lower than the previous week and 80,363 below a year ago. The leading destinations were Japan and China. For the marketing year to date, corn inspections are 17,543,531 tons, compared to 20,017,435 this time last year.
Soybeans were pegged at 1,411,411 tons, 61,747 more than the prior week, but 497,031 less than last year. The main destinations were China and Germany. So far, this marketing year, soybean inspections are 36,275,554 tons, compared to 47,468,328 a year ago.
Sorghum totaled 127,519 tons, an increase of 50,280 on the week, but a decrease of 119,769 on the year. China was the largest single destination, followed distantly by Mexico. 2021/22 sorghum inspections are 2,277,429 tons, compared to 3,067,686 in 2020/21.