The USDA says that as of the week ending July 7th, corn, soybean, and wheat export inspections are behind the pace needed to meet projections for the current respective marketing years. The 2021/22 marketing year started September 1st, 2021 for beans, corn, and sorghum, while 2022/23 got underway June 1st, 2022 for wheat. The USDA’s next set of supply and demand estimates is out Tuesday, July 12th at Noon Eastern/11 Central.
Wheat came out at 309,802 tons, up 36,862 from the week ending June 30th, but down 119,514 from the week ending July 8th, 2021.
