The USDA says the pace of soybean export inspections pulled back a little during the week ending February 11th but remains on track to meet or exceed projections for the current marketing year. The 2021/22 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 March 9th.
Wheat came out at 392,555 tons, down 60,412 from the week ending February 4th and 112,699 lower than the week ending February 13th, 2020.
