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Export inspections mostly lower than last week

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The USDA says the pace of soybean export inspections as of the week ending April 14th remain ahead of what’s 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 beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out May 12th.

Wheat came out at 239,907 tons, down 149,438 from the week ending April 6th and 206,318 from the week ending April 14th, 2022.

Export inspections mostly lower than last week