The USDA says that as of the week ending January 12th, 2023, U.S. soybean export inspections are running ahead of the pace needed to meet projections for the current marketing year. The 2022/23 marketing year started June 1st, 2022 for wheat and September 1st, 2022 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out February 8th.
Wheat came out at 320,473 tons, up 110,929 from the week ending January 5th but down 66,313 from the week ending January 13th, 2022.
