USA: Sorghum, and wheat export inspections up on week
Wheat
Published Nov 21, 2023
Tridge summary
According to the USDA, corn and soybean export inspections are currently surpassing the projections for the marketing year. Wheat inspections have also seen an increase compared to the previous year, with Taiwan and the Philippines being the main destinations. The upcoming supply and demand estimates from the USDA will be released on December 8th.
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 November 16th, corn and soybean export inspections are ahead of the paces needed to meet the respective projections for the current marketing year. The 2023/24 marketing year started June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out December 8th.Wheat came out at 358,254 tons, up 135,682 from the week ending November 9th and 66,827 from the week ending November 17th, 2022. The leading destinations were Taiwan and the Philippines. Late in the first half of the 2023/24 marketing year, wheat inspections are 7,817,489 tons, compared to 10,290,984 in 2022/23.Corn was reported at 553,899 tons, 153,475 lower than the previous week, but 54,831 higher than a year ago. The top destinations were Mexico and Japan. Nearing the second quarter of the marketing year, corn inspections are 6,813,324 tons, compared to 5,505,465 this time last year.Soybeans were pegged at 1,609,413 ...
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