The USDA says that as of the week ending October 6th, wheat export inspections are running ahead of the pace needed to meet projections for the current marketing year. The 2022/23 marketing year started June 1st, 2022 for wheat and September 1st, 2022 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out Wednesday, October 12th at Noon Eastern/11 Central.
Wheat came out at 614,371 tons, down 53,206 from the week ending September 29th, but up 167,475 from the week ending October 7th, 2021.
Export inspections mostly down on year
