Tridge summary
Export inspections for wheat, corn, soybeans, and sorghum show a decrease in global demand for U.S. commodities. The main destinations for wheat were Yemen and Japan, while Mexico and Japan were the top destinations for corn and soybeans. China was the largest destination for sorghum. Overall, inspections for these commodities have been lower compared to previous years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Export inspections for the week ending June 22nd reflect the generally steady to slow global demand for U.S. commodities. The 2023/24 marketing year started June 1st, 2023 for wheat and 2022/23 got underway September 1st, 2022 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out July 12th.Wheat came out at 203,724 tons, down 31,451 from the week ending June 15th and 149,170 from the week ending June 23rd, 2022. The main destinations were Yemen and Japan. Early in the 2023/24 marketing year, wheat inspections are 757,349 tons, compared to 1,339,828 in 2022/23.Corn was reported at 542,727 tons, 306,272 lower than the previous week and 704,223 below a year ago. The leading destinations were Mexico and Japan. In the final quarter of the 2022/23 marketing year, corn inspections are 32,477,480 tons, compared to 47,427,940 in 2021/22.Soybeans were pegged at 141,158 tons, a decrease of 38,390 on the week and 335,793 on the year. The top destinations ...
Source: Brownfield Ag
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.