The USDA says that as of the week ending April 8th, corn, sorghum, and soybean export inspections continue to run ahead of the pace needed to meet expectations for the current marketing year. The 2020/21 marketing year got underway June 1st, 2020 for wheat and September 1st, 2020 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out May 12th.
Wheat came out at 458,432 tons, down 177,055 from the week ending April 1st, 2020 and 203,741 from the week ending April 9th, 2020.
