The USDA says wheat export inspections as of the week ending October 20th are running ahead of what’s needed to meet projections for the current marketing year. The 2022/23 marketing year started June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out November 9th.
Wheat came out at 125,582 tons, down 108,355 from the week ending October 13th and 71,897 from the week ending October 21st, 2021.
