The USDA says that as of the week ending April 27th, soybean export inspections are ahead of the pace needed to meet projections for the current marketing year, wheat is on pace, and corn is behind. The 2022/23 marketing year for wheat started June 1st, 2022 and September 1st, 2022 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out May 12th.
Wheat came out at 358,273 tons, down 5,553 from the week ending April 20, 2023 and 34,170 from the week ending April 28th, 2022.
