USA: Export inspections down on year

Published 2023년 3월 6일

Tridge summary

The article reports on the USDA's latest figures on agricultural export inspections for soybeans, wheat, corn, and sorghum for the week ending March 2nd. It highlights that these inspections are ahead of the required pace to meet the marketing year's projections, which run from June 1st for wheat and September 1st for the other crops. The data shows a decrease in wheat inspections compared to the previous week and the same period last year, while corn inspections have seen an increase but are still lower than the previous year. Soybean inspections have also seen a decrease both weekly and annually. Sorghum inspections have significantly dropped compared to the previous year, with China being a common destination for most inspections. The USDA is set to release updated supply and demand estimates on March 8th.
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 March 2nd, soybean and wheat export inspections continue to run 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 round of supply and demand estimates is out March 8th.Wheat came out at 268,136 tons, down 385,147 from the week ending February 23rd and 135,051 from the week ending March 3rd, 2022. The main destinations were China and Mexico. Early in the final quarter of 2022/23, wheat inspections are 15,581,932 tons, compared to 15,913,403 in 2021/22.Corn was reported at 899,810 tons, 250,507 higher than the previous week but 682,357 lower than a year ago. The leading destinations were Mexico and Colombia. Entering the back half of the marketing year, corn inspections are 15,284,666 tons, compared to 24,787,162 this time last year.Soybeans were pegged at 542,238 tons, a decrease of ...

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