Big week for soybean export inspections


Big week for soybean export inspections

The USDA says the week ending November 5th was another strong week for 2020/21 soybean export inspections. The current marketing year got underway June 1st for wheat and September 1st for beans, corn, and sorghum.

Wheat came out at 304,239 tons, down 9,092 from the week ending October 29th and 235,681 lower than the week ending November 7th, 2019. The top destinations were Japan and Mexico. For the 2020/21 marketing year to date, wheat inspections are 11,703,183 tons, compared to 11,456,105 in 2019/20.

Corn was reported at 690,079 tons, 131,533 less than the previous week, but 108,223 more than a year ago. The main destinations were China and Mexico. Less than a quarter into the marketing year, corn inspections are 7,576,894 tons, compared to 4,344,347 this time last year.

Soybeans were pegged at 2,496,308 tons, up 106,566 from the week before and 1,148,115 higher than last year. The primary destinations were China and Mexico. So far, this marketing year, soybean inspections are 19,457,451 tons, compared to 10,904,221 a year ago.

Sorghum totaled 72,005 tons, a decrease of 31,315 on the week, but an increase of 46,519 on the year. China was the largest single destination, followed by a few smaller recipients, led by Haiti. 2020/21 sorghum inspections are 717,970 tons, compared to 401,016 in 2019/20.

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