USA: Solid paces continue for corn and sorghum export inspections

Maize (Corn)
Published Feb 21, 2024

Tridge summary

The USDA has reported that U.S. corn and sorghum shipments are exceeding the projected requirements for the current marketing year. However, wheat inspections have decreased compared to the previous year, while corn inspections have increased. Soybean inspections have significantly dropped from the previous year, but sorghum inspections have seen a considerable rise. The primary destinations for these crops are Japan, China, and Mexico.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The USDA says that as of the week ending February 15th, physical shipments of U.S. corn and sorghum to continue to move out faster than what’s needed to meet projections for the current marketing year. The 2023/24 marketing year got started June 1st, 2023 for wheat and September 1st, 2023 for corn, sorghum, and soybeans. The USDA’s set of supply and demand estimates is out March 8th.Wheat came out at 380,774 tons, down 26,750 from the week ending February 8th, but up 6,347 from the week ending February 16th, 2023. The primary destinations were Japan and China. Closing in on the final quarter of the 2023/24 marketing year, wheat inspections are 12,091,334 tons, compared to 14,660,513 in 2022/23.Corn was reported at 918,610 tons, 26,275 higher than the previous week and 294,815 above a year ago. The top destinations were Mexico and Japan. Late in the first half of the marketing year, corn inspections are 18,118,948 tons, compared to 13,736,678 this time last year.Soybeans were ...
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