USDA reports reduced export inspections for the week ending August 3. Wheat exports are down 310,251 from the week ending July 27 at 275,067 tons. Corn declined 161,597 tons at 376,623 tons. For the 2022/23 marketing year, corn inspections are at 35,200,702 tons compared to more than 52 million in 2021/22. Soybeans are pegged at 281,857 tons, 52,264 lower than the week before and a farm drop from 589,488 tons last year.
Mexico continues to be a leading customer for wheat, corn and sorghum, while Indonesia and Germany served as large U.S. soybean customers last week. The next set of supply and demand estimates is slated for Friday, August 11.
Read more on the latest round of export data from USDA here.
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