The USDA says that as of the week ending January 19th, soybean export inspections are ahead of the pace needed to meet projections for the current marketing year. The 2022/23 marketing year got underway June 1st, 2022 for wheat and September 1st, 2022 for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out February 8th.
Wheat came out at 334,217 tons, up 8,574 from the week ending January 19th, but down 83,421 from the week ending January 20th, 2021.
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