The USDA says that as of the week ending January 21st, the pace of corn and soybean export inspections remain ahead of what’s needed to meet projections for the 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 February 9th.
Wheat came out at 523,901 tons, up 241,274 from the week ending January 14th and 298,076 higher than the week ending January 23rd, 2019.
