The USDA says that as of the week ending March 2nd, soybean and wheat export inspections continue to run 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 round of supply and demand estimates is out March 8th.
Wheat came out at 268,136 tons, down 385,147 from the week ending February 23rd and 135,051 from the week ending March 3rd, 2022.
