Tridge summary
The USDA has reported that corn and wheat export inspections for the week ending July 18th are ahead of the required paces to meet the projections for the current marketing years. The 2024/25 marketing year began on June 1st for wheat, while the 2023/24 marketing year began on September 1st for corn, sorghum, and soybeans. Wheat inspections were 237,965 tons, down from the previous week, but higher than the same week last year, totaling 2,591,210 tons so far this marketing year. Corn inspections were 970,539 tons, down slightly from the previous week but higher than the same week last year, totaling 45,575,900 tons so far this marketing year. Soybean inspections were 327,061 tons, an increase from the previous week and the same week last year, totaling 42,350,088 tons so far this marketing year. Sorghum inspections were 67,913 tons, a decrease from the previous week and a large decrease from the same week last year, totaling 5,397,111 tons so far this marketing year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The USDA says corn and wheat export inspections as of the week ending July 18th remain ahead of the paces needed to meet projections for the current respective marketing years. The 2024/25 marketing year got underway June 1st for wheat, while 2023/24 began 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 237,965 tons, down 382,742 from the week ending July 11th and 123,170 from the week ending July 20th, 2023. The primary destinations were Mexico and Japan. Still early in the 2024/25 marketing year, wheat inspections are 2,591,210 tons, compared to 2,155,409 in 2023/24.Corn was reported at 970,539 tons, 121,692 lower than the previous week, but 640,766 higher than a year ago. The top destinations were Mexico and South Korea. Towards the end of the 2023/24 marketing year, corn inspections are 45,575,900 tons, compared to 34,285,859 in 2022/23.Soybeans were pegged at 327,061 tons, an increase of ...
Source: Brownfield Ag
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