Bearish week for U.S. export inspections

The USDA says that as of the week ending May 5th, corn export inspections continue to trail 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, 2022 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out Friday, May 12th at Noon Eastern/11 Central.

Wheat came out at 209,138 tons, down 149,135 from the week ending April 27th and 53,781 from the week ending May 5th, 2022.

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