Corn Export Inspections Stay Ahead of Last Marketing Year

Corn export inspections continue to outperform last year's numbers as the marketing year comes to a close. According to the USDA, more than enough corn left U.S. ports during the week ending August 6th to meet the agency's projection for the entire period, with primary destinations being Mexico and Japan.

Sorghum and soybean inspections also surpassed their respective marks, while wheat fell short of expectations. The current marketing year for wheat started on June 1st, but the new marketing year for beans, corn, and sorghum is set to begin on September 1st.

The USDA's next round of supply and demand estimates will be released on Wednesday, August 12th at Noon Eastern/11 Central. In related news, wheat inspections were reported at 421,277 tons, up from the week ending July 30th but down from last year's numbers. The top destinations for wheat during this period were Japan and Mexico.