Weekly export inspections up on year in United States

Published 2024년 8월 19일

Tridge summary

The USDA has reported that corn and wheat export inspections are ahead of the paces needed to meet projections for the current marketing years. Wheat inspections for the week ending August 15th were down slightly from the previous week but up from the same week in 2023, with Indonesia and Japan as the main destinations. Corn inspections were up significantly from the previous week and from the same week in 2023, with Mexico and Japan as the leading destinations. Soybean inspections were also up from the previous week but down from the same week in 2023, with Germany and Egypt as the leading destinations. Sorghum inspections were up significantly from the previous week and from the same week in 2023, with China and Madagascar as the leading destinations.

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

Original content

The USDA says corn and wheat export inspections as of the week ending August 15th are running ahead of the paces needed to meet projections for the current respective marketing years. The 2024/24 marketing year got underway June 1st for wheat, while 2023/24 started September 1st for corn, sorghum, and soybeans. The USDA’s next round of supply and demand estimates is out September 12th.Wheat came out at 347,519 tons, down 319,143 from the week ending August 8th, but up 36,205 from the week ending August 17th, 2023. The main destinations were Indonesia and Japan. Nearing the end of the first quarter of the 2024/25 marketing year, wheat inspections are 4,583,746 tons, compared to 3,639,908 in 2023/24.Corn was reported at 1,166,090 tons, 179,907 higher than the previous week and 655,531 above a year ago. The leading destinations were Mexico and Japan. Late in the 2023/24 marketing year, corn inspections are 50,099,221 tons, compared to 36,181,641 in 2022/23.Soybeans were pegged at ...

Source: Brownfield Ag