The USDA says that as of the week ending July 20th, 2023, soybean export inspections are just ahead of the pace needed to meet projections for the current marketing year. The 2023/24 marketing year started June 1st, 2023 for wheat, while 2022/23 got underway September 1st, 2022 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out August 11th.
Wheat came out at 358,796 tons, up 85,621 from the week ending July 13th, but down 116,730 from the week ending July 21st, 2022.
Another mixed week for export inspections
