Soybean and wheat inspections in the US stay ahead of needed paces

Published 2023년 3월 13일

Tridge summary

The article reports that wheat, corn, soybean, and sorghum export inspections are ahead of the projections needed to meet the marketing year's requirements, as of the current week. Specifically, wheat inspections have decreased from the previous week but are still higher than the same period last year, with Malaysia and El Salvador as the main destinations. Corn inspections have increased from the previous week but are lower than the same period last year, with Japan and Mexico as the leading destinations. Soybean inspections have also increased from the previous week but are lower than the same period last year, with Mexico and Germany as the top destinations. Sorghum inspections have increased from the previous week but are significantly lower than the same period last year, with China and Mexico as the largest destinations. The USDA will release updated supply and demand estimates on April 11th.

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

Original content

The USDA says soybean and wheat export inspections continue to run ahead of what’s needed to meet projections for the current marketing year. The 2022/23 marketing year got underway 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 April 11th.Wheat came out at 249,017 tons, down 92,070 from the week ending March 2nd and 58,567 from the week ending March 10th, 2022. The main destinations were Malaysia and El Salvador. In the final quarter of the 2022/23 marketing year, wheat inspections are 15,903,900 tons, compared to 16,220,987 in 2021/22.Corn was reported at 999,388 tons, 66,076 higher than the previous week, but 147,419 lower than a year ago. The leading destinations were Japan and Mexico. Early in the back half of the marketing year, corn inspections are 16,318,510 tons, compared to 25,933,969 last year.Soybeans were pegged at 618,803 tons, 66,415 more than the prior week, but 179,890 less ...

Source: Brownfield Ag