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USDA: export inspections down on week

The USDA says export inspections for the week ending May 16th, 2019 were bearish. The 2018/19 marketing year runs through the end of May for wheat and the end of August for corn, sorghum, and soybeans.

Wheat came out at 757,704 tons, down 120,595 from the week ending May 9th, but up 40,7962 from the week ending May 17th, 2018. The leading destinations were Indonesia and the Philippines. Nearing the end of the 2018/19 marketing year, wheat inspections are 23,579,593 tons, compared to 23,052,839 late in 2017/18.

Corn was reported at 820,916 tons, 179,918 lower than the previous week and 726,645 less than this time last year. Japan and Mexico were the top destinations. At this point in the 2018/19 marketing year, corn inspections are 37,454,213 tons, compared to 36,329,423 a year ago.

Soybeans were pegged at 497,070 tons, a decline of 16,916 from the week before and a drop of 410,132 from a year ago. The primary destination was China, followed by Mexico. So far, this marketing year, soybean inspections are 33,153,354 tons, compared to 45,658,840 last year.

Sorghum totaled 17,657 tons, a decrease of 77,287 on the week, but an increase of 6,729 on the year. Most of the weekly total is headed to Japan and Mexico. 2018/19 sorghum inspections are 1,320,579 tons, compared to 4,694,119 in 2017/18.