The USDA says that wheat export inspections as of the week ending October 27th are ahead of what’s needed to meet projections for the 2022/23 marketing year. The current marketing year got underway June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply, demand, and production estimates is out Wednesday, November 9th at Noon Eastern/11 Central.
Wheat came out at 137,082 tons, up 3,763 from the week ending October 20th and 6,361 from the week ending October 28th, 2021.
