The USDA says that as of the week ending August 17th, soybean export inspections are in line with what’s needed to meet projections for the current marketing year. The 2023/24 marketing year started June 1st, 2023 for wheat and 2022/23 kicked off September 1st, 2022 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out September 12th.
Wheat came out at 311,314 tons, up 42,046 from the week ending August 10th, but down 282,959 from the week ending August 18th, 2022.
