U.S. grain export inspections up on week

Published 2023년 3월 20일

Tridge summary

The article reports that soybean and wheat export inspections are ahead of the pace needed to meet projections for the current marketing year, as of the week ending March 16th. The wheat inspections were 374,224 tons, up from the previous week and the year before, with China and the Philippines as the leading destinations. Corn inspections were 1,188,666 tons, an increase from the previous week but lower than the year before, with Mexico and Japan as the main destinations. Soybean inspections were 716,618 tons, up from the previous week and the year before, with China and Japan as the top destinations. Sorghum inspections were 94,495 tons, an increase from the previous week but a decrease from the year before, with China and Djibouti as the primary destinations.

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Original content

The USDA says soybean and wheat export inspections as of the week ending March 16th remain ahead of the respective paces needed to meet projections for the current marketing year. The 2022/23 marketing year got underway 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 April 11th.Wheat came out at 374,224 tons, up 117,323 from the week ending March 9th and 39,156 from the week ending March 17th, 2022. The leading destinations were China and the Philippines. Early in the final quarter of the 2022/23 marketing year, wheat inspections are 16,286,008 tons, compared to 16,556,055 in 2021/22.Corn was reported at 1,188,666 tons, 173,491 higher than the previous week, but 308,132 lower than a year ago. The main destinations were Mexico and Japan. In the back half of the marketing year, corn inspections are 17,523,428 tons, compared to 27,430,767 this time last year.Soybeans were pegged at 716,618 tons, ...

Source: Brownfield Ag