The USDA says that as of the week ending May 9th, corn export inspections continue to run ahead of the pace needed to meet projections for the current marketing year. The 2023/24 marketing year kicked off June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out June 12th.
Wheat came out at 366,339 tons, up 27,465 from the week ending May 2nd and 102,900 from the week ending May 11th, 2023.
