The USDA says corn, sorghum, and wheat export inspections for the week ending July 16th were above what’s needed weekly to meet projections for the current respective marketing years. The 2020/21 marketing year started June 1st for wheat, while 2019/20 runs through the end of August for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out August 12th.
Wheat came out at 500,607 tons, down 159,120 from the week ending July 9th, but up 53,319 from the week ending July 18th, 2019.
