The USDA says that as of the week ending August 4th, corn, soybean, and wheat export inspections are running behind the paces needed to meet projections for the current respective marketing years. The 2021/22 marketing year kicked off September 1st, 2021 for beans, corn, and sorghum, while 2022/23 got underway June 1st, 2022 for wheat. The USDA’s next set of supply and demand estimates is out Friday at Noon/Eastern 11 Central.
Wheat came out at 603,549 tons, up 295,216 from the week ending July 28th, but down 50,420 from the week ending August 5th, 2021.
Soybean, wheat export inspections up on week
