The USDA says that as of the week ending April 6th, soybean export inspections remain ahead of what’s needed to meet USDA projections for the current marketing year. The 2022/23 marketing year started June 1st, 2022 for wheat and September 1st, 2022 for beans, corn, and sorghum. The USDA’s next round of supply and demand estimates is out Tuesday, April 11th at Noon Eastern/11 Central.
Wheat came out at 335,444 tons, up 166,901 from the week ending March 30th, but down 83,741 from the week ending April 7th, 2022.
