The USDA says that as of the week ending April 28th, wheat export inspections are ahead of what’s needed to meet projections for the current marketing year. The 2021/22 marketing year started June 1st, 2021 for wheat and September 1st, 2021 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out May 12th.
Wheat came out at 384,460 tons, up 94,853 from the week ending April 21st, but down 148,743 from the week ending April 29th, 2021.
