The USDA says corn, soybean, and wheat export inspections as of the week ending August 11th are below the paces needed to meet projections for the respective current marketing years. The 2021/22 marketing year got underway September 1st, 2021 for beans, corn, and sorghum, while 2022/23 started June 1st, 2022 for wheat. The USDA’s next set of supply and demand estimates is out September 12th.
Wheat came out at 373,227 tons, down 262,493 from the week ending August 4th and 220,393 from the week ending August 12th, 2021.
