The USDA says that as of the week ending May 18th, U.S. wheat export inspections are in-line to meet projections for the current marketing year. The 2022/23 marketing year started June 1st, 2022 for wheat and September 1st, 2022 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out June 9th.
Wheat came out at 407,682 tons, up 144,243 from the week ending May 11th and 132,141 from the week ending May 19th, 2022.
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