WASHINGTON, D.C. (RFD NEWS) — The latest grain export inspections report from the U.S. Department of Agriculture (USDA) showed a mixed week for grain movement, with corn, soybeans, and wheat all moving lower than the previous week, while sorghum remained sharply above year-ago levels. The report offers another snapshot of how demand is lining up late in the marketing year.
Corn inspections for the week ending April 23 reached about 64.7 million bushels. That was down from roughly 68.6 million the week before and just below the 65.6 million bushels inspected during the same week last year.
Soybean inspections totaled about 23.1 million bushels, down from 27.8 million the previous week but still well above 16.9 million a year earlier. Wheat inspections came in near 13.4 million bushels, down from 19.0 million the week before and below 23.9 million last year.
Sorghum inspections reached about 7.1 million bushels. That was lower than the prior week’s 8.0 million, but far above just 900,000 bushels during the same week last year.
Marketing-year movement remains supportive for some crops. Corn, sorghum, and wheat inspections are running well ahead of last year, while soybean totals continue to reflect lighter trade with China.
Corey Rosenbusch with The Fertilizer Institute joined us to discuss supply chain disruptions and what farmers should watch as global tensions impact fertilizer markets.
