The USDA says that as of the week ending July 1st, corn and soybean export inspections remain ahead of the pace needed to meet expectations for the current marketing year. The 2021/22 marketing year started June 1st, 2021 for wheat, while 2020/21 got underway September 1st, 2020 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out July 12th.
Wheat came out at 258,438 tons, down 30,110 from the week ending June 24th and 155,457 from the week ending July 2nd, 2020.
