The USDA says that as of the week ending November 17th, wheat export inspections are slightly above 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 December 9th.
Wheat came out at 279,904 tons, up 109,480 from the week ending November 10th and 86,715 from the week ending November 18th, 2021.