The USDA says wheat export inspections as of the week ending September 16th are slightly ahead of the pace needed to meet expectations for the current marketing year. Shipping issues out of the U.S. Gulf continue to limit movement somewhat. The 2021/22 marketing year started June 1st, 2021 for wheat and September 1st, 2021 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out October 12th.
Wheat came out at 563,390 tons, down 4,048 from the week ending September 9th, but up 60,356 from the week ending September 17th, 2020.
