US export inspections mostly up on week

Published 2024년 7월 29일

Tridge summary

The USDA reports that as of the week ending July 25th, corn and wheat export inspections are on track to meet projections for their current marketing years. The 2024/25 marketing year for wheat began on June 1st, while the 2023/24 marketing year for corn, sorghum, and soybeans started on September 1st. Wheat inspections totaled 431,233 tons, with the Philippines and South Korea as main destinations. Corn inspections were 1,058,922 tons, primarily to Mexico and Japan. Soybean inspections reached 403,268 tons, mainly to Mexico and Germany. Sorghum inspections were 54,582 tons, with China as the leading destination. The USDA's next supply and demand estimates will be released on August 12th.

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 July 25th, corn and wheat export inspections remain on pace to meet projections for the current respective marketing years. The 2024/25 marketing year began June 1st for wheat, while 2023/24 got underway September 1st for corn, sorghum, and soybeans. The USDA’s next round of supply and demand estimates is out August 12th.Wheat came out at 431,233 tons, up 168,623 from the week ending July 28th, but down 154,085 from the week ending July 27th, 2023. The main destinations were the Philippines and South Korea. Nearly two months into the 2024/25 marketing year, wheat inspections are 3,048,685 tons, compared to 2,740,727 in 2023/24.Corn was reported at 1,058,922 tons, 67,665 higher than the previous week and 520,702 above a year ago. The top destinations were Mexico and Japan. Closing in on the end of the 2023/24 marketing year, corn inspections are 46,662,924 tons, compared to 34,824,079 in 2022/23.Soybeans were pegged at 403,268 tons, an ...

Source: Brownfield Ag