The USDA says that as of the week ending February 23rd, soybean and wheat export inspections are ahead of the pace needed to meet projections for the current marketing year. The 2022/23 marketing year started June 1st, 2022 for wheat and September 1st for beans, corn, and sorghum. The USDA’s next set of supply and demand estimates is out March 8th.
Wheat came out at 591,725 tons, up 217,298 from the week ending February 16th and 161,741 from the week ending February 24th, 2022.
