The USDA says wheat export inspections during the week ending July 23rd were more than what’s needed to meet projections for the current marketing year. The 2020/21 marketing year for wheat started June 1st, 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 544,010 tons, up 31,705 from the week ending July 16th and 122,542 higher than the week ending July 25th, 2019.

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