US: Soybean, wheat and sorghum export inspections up on week

Published 2023년 4월 10일

Tridge summary

The article reports on the USDA's latest figures on agricultural exports, focusing on the week ending April 6th. It highlights the current status of soybean export inspections, which are exceeding the USDA's projections for the ongoing marketing year, showing a notable increase over the previous week and a slight rise from the same period last year. Other grains like wheat, corn, and sorghum have experienced fluctuations in their export inspections, with wheat seeing a decrease from the previous year but an increase in destinations like Japan and Thailand. Corn inspections have significantly dropped compared to the previous year, with Mexico and China as the primary recipients. Soybean inspections have experienced a slight uptick from the previous year, with China and Germany as the main destinations. Sorghum inspections have also seen a decrease from the previous year, with the majority going to China and Sudan. The USDA is set to release its next 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 that as of the week ending April 6th, soybean export inspections remain ahead of what’s needed to meet USDA 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 round of supply and demand estimates is out Tuesday, April 11th at Noon Eastern/11 Central.Wheat came out at 335,444 tons, up 166,901 from the week ending March 30th, but down 83,741 from the week ending April 7th, 2022. The main destinations were Japan and Thailand. In the final two months of the 2022/23 marketing year, wheat inspections are 17,194,919 tons, compared to 17,637,317 in 2021/22.Corn was reported at 805,167 tons, 293,294 lower than the previous week and 669,380 under a year ago. The top destinations were Mexico and China. Early in the back half of the marketing year, corn inspections are 20,174,710 tons, compared to 32,060,540 this time last year.Soybeans were pegged at ...

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