The USDA says that as of the week ending February 9th, U.S. soybean and wheat inspections are ahead of what’s 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 March 8th.
Wheat came out at 472,327 tons, down 118,232 from the week ending February 2th, but up 12,966 from the week ending February 10th, 2022.
