Corn, sorghum export inspections up on week in United States

Published Aug 6, 2024

Tridge summary

The USDA's latest report indicates that as of the week ending August 1st, corn export inspections are on track to meet the current marketing year's expectations. 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. For the week, wheat inspections totaled 440,888 tons, with Mexico and Yemen as the primary destinations. Corn inspections reached 1,213,422 tons, mainly shipped to Japan and Mexico. Soybean inspections were 261,203 tons, with Mexico and Indonesia as key destinations. Sorghum inspections amounted to 172,132 tons, primarily destined for China. The USDA will release the next set of supply, demand, and production figures 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 August 1st corn export inspections remain ahead of the pace needed to meet expectations for the current marketing year. The 2024/25 marketing year for wheat got underway June 1st, while 2023/24 began September 1st for corn, sorghum, and soybeans. The USDA’s next round of supply, demand, and production numbers is out Monday, August 12th at Noon Eastern/11 Central.Wheat came out at 440,888 tons, down 13,016 from the week ending July 25th, but up 122,289 from the week ending August 3rd, 2023. The top destinations were Mexico and Yemen. A couple of months into the 2024/25 marketing year, wheat inspections are 3,539,173 tons, compared to 3,059,326 in 2023/24.Corn was reported 1,213,422 tons, 143,102 higher than the previous week and 825,449 above a year ago. The main destinations were Japan and Mexico. Closing in on the end of the 2023/24 marketing year, corn inspections are 47,887,744 tons, compared to 35,212,052 in 2022/23.Soybeans were pegged ...

Source: Brownfield Ag