News

Generally slow week for export inspections

The USDA says wheat export inspections as of the week ending May 21st have passed the level needed to meet expectations for the soon-to-end 2019/20 marketing year. The current marketing year got underway June 1st, 2019 for wheat and September 1st, 2019 for corn, sorghum, and soybeans.

Wheat came out at 457,777 tons, down 33,999 from the week ending May 14th and 75,124 lower than the week ending May 23rd, 2019. The primary destinations for the week were China and the Philippines. Nearing the end of the 2019/20 marketing year, wheat inspections are 24,389,337 tons, compared to 24,201,989 in 2018/19.

Corn was reported at 1,091,972 tons, 90,499 less than the previous week and 16,755 below this time last year. Japan and Mexico were the top destinations. Just ahead of the final quarter of the marketing year, corn inspections are 27,351,343 tons, compared to 38,582,498 a year ago.

Soybeans were pegged at 333,127 tons, a decline of 22,951 from the week before and 204,089 from a year ago. The leading destinations were Mexico and Japan. So far, this marketing year, soybean inspections are 35,089,243 tons, compared to 33,724,502 last year.

Sorghum totaled 188,078 tons, a decrease of 90,204 on the week, but an increase of 159,439 on the year. China and South Sudan were the main recipients. 2019/20 sorghum inspections are 3,190,951 tons, compared to 1,349,218 in 2018/19.