The USDA says that as of the week ending April 18th, corn and sorghum export inspections continue to move out ahead of the pace needed to meet projections for the current marketing year. The 2023/24 marketing year started June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next round of supply and demand estimates is out May 10th.
Wheat came out at 450,275 tons, down 169,864 from the week ending April 11th, but up 86,449 from the week ending April 20th, 2023.
