Corn export inspections up on week
The USDA says wheat export inspections as of the week ending May 19th were in-line with what’s needed to meet projections for the current marketing year. The 2021/22 marketing year got underway 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 June 10th.
Wheat came out at 309,501 tons, down 39,436 from the week ending May 12th and 289,440 from the week ending May 20th, 2021. The top destinations were Japan and Mexico. Nearing the end of the 2021/22 marketing year, wheat inspections are 19,685,018 tons, compared to 25,011,937 late in 2020/21.
Corn was reported at 1,699,092 tons, 638,762 higher than the previous week, but 47,070 lower than a year ago. The main destinations were China and Mexico. Closing in on the final quarter of the marketing year, corn inspections are 40,833,287 tons, compared to 49,077,116 this time last year.
Soybeans were pegged at 575,781 tons, 226,794 less than the prior week, but 353,674 more than last year. The leading destinations were Mexico and China. So far, this marketing year, soybean inspections are 49,092,750 tons, compared to 56,462,600 a year ago.
Sorghum inspections totaled 198,848 tons, a decrease of 580 on the week, but an increase of 35,151 on the year. The largest single destination was China, followed distantly by Mexico. 2021/22 sorghum inspections are 5,975,689 tons, compared to 5,969,124 in 2020/21.