It was another solid week for soybean export inspections. Soybean inspections for the week ending December 24 were larger than expected, as were corn inspections, but wheat was below pre-report estimates. Inspections of soybeans were above what’s needed weekly to meet USDA projections for the 2009/10 marketing year while corn and wheat fell short of their respective marks.
Wheat came out at 10.653 million bushels, down 2.732 million from the week ending December 17 but up 6.084 million from the week ending December 25, 2008. So far this marketing year, 2009/10 wheat export inspections are 478.523 million bushels, compared to 656.783 million in 2008/09.
Corn was reported at 27.081 million bushels, 8.226 million higher than the previous week and 3 million above a year ago. At this point in the current marketing year, corn inspections are 509.822 million bushels, compared to 517.036 million this time last year.
Soybeans were pegged at 51.915 million bushels, 18.186 million more than the prior week and an increase of 18.366 million from last year. For the marketing year to date, soybean inspections are 656.572 million bushels, compared to 496.365 million a year ago.
Sorghum inspections totaled 2.034 million bushels. That’s 878,000 bushels under the week before but 801,000 above a year ago. 2009/10 sorghum inspections are 53.012 million bushels, compared to 53.963 million in 2008/09.
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