The USDA says that as of the week ending January 5th, soybean and wheat export inspections are in-line with the respective paces needed to meet projections for the current marketing year. The 2022/23 marketing year started 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 Thursday, January 12th at Noon Eastern/11 Central.
Wheat came out at 201,673 tons, up 116,001 from the week ending December 29th, 2022, but down 32,683 from the week ending January 6th, 2022.
