The USDA says that as of the week ending July 21st, corn, soybean, and wheat export inspections are running behind the paces need 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 kicked off June 1st, 2022 for wheat. The USDA’s next supply and demand report is out August 12th.
Wheat came out at 475,426 tons, up 284,093 from the week ending July 14th, but down 38,788 from the week ending June 22nd, 2021.
