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USDA: export inspections down on week, year

The USDA says soybean export inspections for the week ending October 10th were more than what’s needed to meet USDA projections for the 2019/20 marketing year. The current marketing year got underway June 1st for wheat and September 1st for beans, corn and sorghum.

Wheat came out at 462,651 tons, down 16,684 from the week ending October 3rd and 5,140 lower than the week ending October 11th, 2018. The main destinations were Japan and China. At this point in the 2019/20 marketing year, wheat inspections are 9,463,475 tons, compared to 7,833,723 in 2018/19.

Corn was reported at 470,612 tons, 2,797 less than the previous week and 543,138 below a year ago. The top weekly destinations were Mexico and Japan. About a month and a half into the marketing year, corn inspections are 2,496,284 tons, compared to 6,921,400 this time last year.

Soybeans were pegged at 954,881 tons, a decline of 96,701 from the week before and a drop of 269,786 from last year. Egypt and China were the leading destinations. So far, this marketing year, soybean inspections are 5,161,002 tons, compared to 4,804,625 a year ago.

Sorghum totaled 38,921 tons, a decrease of 49,372 on the week and 11,936 on the year. Ethiopia and Mexico were the listed destinations. 2019/20 sorghum inspections are 228,272 tons, compared to 122,341 in 2018/19.