The USDA says soybean and wheat export inspections as of the week ending February 2nd are ahead of what’s needed to meet projections for the current marketing year. The 2022/23 marketing year for wheat 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 Wednesday, February 8th at Noon Eastern/11 Central.
Wheat came out at 536,355 tons, up 90,628 from the week ending January 26th and 102,287 from the week ending February 3rd, 2022.
