The USDA says that as of the week ending December 7th, corn export inspections are running just ahead of the pace needed to meet projections for the current marketing year. The 2023/24 marketing year kicked off June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out January 12th, 2024.
Wheat came out at 281,697 tons, up 93,742 from the week ending October 30th and 62,339 from the week ending December 8th, 2022.