US sorghum export inspections up on week and year

Published 2024년 7월 1일

Tridge summary

The USDA has reported that wheat export inspections are surpassing the rate required to meet the projections for the current marketing year, with figures for the week ending June 27th showing a decrease from the previous week but an increase compared to the same week last year. The leading destinations for wheat were Indonesia and the Philippines. Meanwhile, inspections for corn, soybeans, and sorghum are also ahead of last year's figures, with Mexico being a common destination for these crops. The USDA will release updated supply and demand estimates on July 12th.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA says wheat export inspections as of the week ending June 27th are running ahead of the pace needed to meet projections for the current marketing year. The 2024/25 marketing year kicked off June 1st for wheat, while 2023/24 got underway September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out July 12th.Wheat came out at 309,775 tons, down 33,897 from the week ending June 20th and 32,400 from the week ending June 29th, 2023. The leading destinations were Indonesia and the Philippines. Less than a month into the 2024/25 marketing year, wheat inspections are 1,362,323 tons, compared to 1,101,405 early in 2023/24.Corn was reported at 819,577 tons, 333,373 lower than the previous week, but 143,688 higher than a year ago. The main destinations were Japan and Mexico. In the final quarter of the 2023/24 marketing year, corn inspections are 42,477,583 tons, compared to 33,161,226 in 2022/23.Soybeans were pegged at 303,023 tons, 46,861 ...

Source: Brownfield Ag