Mixed week for USA export inspections

Published 2021년 9월 20일

Tridge summary

The USDA reports that wheat export inspections are slightly ahead of the pace needed to meet expectations for the current marketing year, with Mexico and the Philippines as the leading destinations. Corn inspections are higher than the previous week but lower than the same time last year, with Mexico and China as the main destinations. Soybean inspections are lower than last year, with Mexico and Japan as the top destinations. Sorghum inspections are lower than last year as well, with Mexico and Madagascar as the listed destinations. Shipping issues out of the U.S. Gulf are limiting movement.

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

Original content

The USDA says wheat export inspections as of the week ending September 16th are slightly ahead of the pace needed to meet expectations for the current marketing year. Shipping issues out of the U.S. Gulf continue to limit movement somewhat. The 2021/22 marketing year started June 1st, 2021 for wheat and September 1st, 2021 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out October 12th.Wheat came out at 563,390 tons, down 4,048 from the week ending September 9th, but up 60,356 from the week ending September 17th, 2020. The leading destinations were Mexico and the Philippines. Just over a quarter into the 2021/22 marketing year, wheat inspections are 7,713,880 tons, compared to 8,664,655 in 2020/21.Corn was reported at 403,104 tons, 243,675 higher than the previous week, but 364,980 lower than this time last year. The main destinations were Mexico and China. Early in the marketing year, corn inspections are 601,986 tons, compared to 1,991,594 ...

Source: Brownfield Ag