The USDA says soybean and wheat export inspections for the week ending August 26th were more than what’s needed to meet expectations for the respective marketing years. The 2021/22 marketing year started June 1st, 2020 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 September 10th.
Wheat came out at 316,844 tons, down 415,444 from the week ending August 19th and 218,571 from the week ending August 27th, 2020.
