The USDA says China was the leading destination for several key commodities during the week ending -February 10. The 2021/22 marketing year started June 1, 2021 for wheat and September 1, 2021 for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out March 9.
Wheat came out at 435,188 tons, up 1,267 tons from the week ending February 3 and 10,139 from the week ending February 11, 2021. The main destinations were Mexico and Taiwan. In the third quarter of the 2021/22 marketing year, wheat inspections are 14,483,734 tons, compared to 17,477,162 in 2020/21.
Corn was reported at 1,455,106 tons, 390,088 higher than the previous week and 140,122 above a year ago. The top destinations were China and Mexico. For the marketing year to date, corn inspections are 20,064,194 tons, compared to 22,919,061 this time last year.
Soybeans were pegged at 1,154,958 tons, 85,541 less than the prior week, but 230,965 more than last year. The leading destinations were China and Italy. So far, this marketing year, soybean inspections are 38,820,354 tons, compared to 50,298,584 a year ago.
Sorghum totaled 182,310 tons, an increase of 26,417 on the week and 110,614 on the year. The largest single destination was China, followed, distantly, by Sudan. 2021/22 sorghum inspections are 2,615,754 tons, compared to 3,340,844 in 2020/21.