Tridge summary
The article reports that soybean and wheat export inspections are ahead of the pace needed to meet projections for the current marketing year, as stated by the USDA. The marketing year started on June 1st, 2022, for wheat and September 1st, 2022, for beans, corn, and sorghum. Wheat inspections are slightly down from the previous week but up from the same week last year, with Thailand and the Dominican Republic as the main destinations. Corn inspections are down from the previous week and the same week last year, with China and Japan as the leading destinations. Soybean inspections are also down from the same week last year, with Indonesia and Mexico as the top destinations. Sorghum inspections are significantly down from both the previous week and the same week last year. The USDA will release new supply and demand estimates on June 9th.
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 May 25th, soybean and wheat export inspections are ahead of the respective paces need to meet projections for the current marketing year. The 2022/23 marketing year started June 1st, 2022 for wheat and September 1st, 2022 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out Friday, June 9th at Noon Eastern/11 Central.Wheat came out at 382,031 tons, down 58,063 from the week ending May 18th, but up 37,712 from the week ending May 26th, 2022. The main destinations were Thailand and the Dominican Republic. With just a few reporting days remaining in the 2022/23 marketing year, wheat inspections are 19,557,889 tons, compared to 19,997,455 in 2021/22.Corn was reported at 1,313,411 tons, 12,870 lower than the previous week and 98,837 under a year ago. The leading destinations were China and Japan. Closing in on the final quarter of the marketing year, corn inspections are 28,691,303 tons, compared to 42,308,082 ...
Source: Brownfield Ag
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