Solid pace continues for sorghum export inspections
The USDA says sorghum export inspections for the week ending March 19th topped what’s needed to meet projections for the current marketing year. The 2019/20 marketing year started June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out April 9th.
Wheat came out at 349,369 tons, down 119,219 from the week ending March 12th and 35,574 lower than the week ending March 21st, 2019. The top destinations were Taiwan and Indonesia. With less than a quarter left in 2019/20, wheat inspections are 20,091,160 tons, compared to 18,396,030 in 2018/19.
Corn was reported at 816,634 tons, 168,572 below the previous week and 179,531 under this time last year. Japan and Colombia were the leading destinations. More than halfway through the marketing year, corn inspections are 16,749,635 tons, compared to 28,420,738 a year ago.
Soybeans were pegged at 570,642 tons, 76,030 more than the week before, but 289,311 less than a year ago. The primary destinations were Egypt and Taiwan. So far, this marketing year, soybean inspections are 31,202,613 tons, compared to 28,567,923 last year.
Sorghum totaled 101,053 tons, an increase of 23,782 on the week and 97,818 on the year. China was the biggest destination, followed by Japan. 2019/20 sorghum inspections are 1,638,712 tons, compared to 977,936 in 2018/19.