The USDA says that old crop corn export inspections as of the week ending June 10th continue to move at a rapid pace, while new crop inspections for wheat are off to a slow start. The 2021/22 marketing year for wheat started June 1st, 2021, while 2020/21 got underway September 1st, 2020 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out July 12th.
Wheat came out at 480,341 tons, down 13,297 from the week ending June 3rd and 83,721 from the week ending June 11th, 2020.
