The USDA says that as of the week ending October 15th, U.S. corn, sorghum, and soybean export inspections continue to run well ahead of the pace needed to meet projections for the current marketing year. The 2020/21 marketing year started June 1st for wheat and September 1st for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out November 9th.

Wheat came out at 239,688 tons, down 274,961 from the week ending October 8th and 340,992 lower than the week ending October 17th, 2019.

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