Big week for soybean export inspections in US

Published 2023년 1월 17일

Tridge summary

The article reports on the recent USDA report on U.S. export inspections of agricultural commodities for the week ending January 12, 2023. It highlights that soybean inspections are outpacing the previous year, while wheat, corn, and sorghum inspections are behind. Specifically, wheat inspections have seen an increase from the previous week but a decrease from the same week last year, with China and the Philippines as the main destinations. Corn inspections have also increased from the previous week but decreased from the same week last year, with China and Mexico as the leading recipients. Soybean inspections have increased from both the previous week and the same week last year, with China and Mexico as the top destinations. Sorghum inspections have decreased significantly from the previous week and from the same week last year, with Mexico as the only reported destination. The USDA will release its next set of supply and demand estimates on February 8, 2023.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA says that as of the week ending January 12th, 2023, U.S. soybean 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 beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out February 8th.Wheat came out at 320,473 tons, up 110,929 from the week ending January 5th but down 66,313 from the week ending January 13th, 2022. The main destinations were the Philippines and China. At this stage of the 2022/23 marketing year, wheat inspections are 12,422,495 tons, compared to 12,821,562 in 2021/22.Corn was reported at 774,461 tons, 373,353 higher than the previous week but 463,350 lower than a year ago. The top destinations were China and Mexico. For the marketing year to date, corn inspections are 10,775,858 tons, compared to 15,327,954 last year.Soybeans were pegged at 2,075,197 tons, 618,671 above the week ...

Source: Brownfield Ag