It was a solid week for grain and oilseed export inspections. USDA reports corn and wheat export inspections for the week ending January 28 were larger than expected while soybeans were within pre-report estimates. Corn inspections were less than what’s needed weekly to meet USDA projections for the 2009/10 marketing year but soybeans and wheat passed their respective marks.
Wheat came out at 17.843 million bushels, up 958,000 from the week ending January 21 and 5.767 million higher than the week ending January 29, 2009. For the 2009/10 marketing year to date, wheat inspections are 546.868 million bushels, compared to 726.241 million in 2008/09.
Corn was reported at 36.784 million bushels, 13.392 million larger than the previous week and 8.316 million above a year ago. So far this marketing year, corn inspections are 661.383 million bushels, compared to 649.546 million this time last year.
Soybeans were pegged at 40.037 million bushels, 6.159 million less than the prior week but 1.669 million more than last year. At this point in the current marketing year, soybean inspections are 932.508 million bushels, compared to 667.422 million a year ago.
Sorghum inspections totaled 2.198 million bushels. That’s down 1.013 million bushels from the week before but up 367,000 from a year ago. 2009/10 sorghum inspections are 70.294 million bushels, compared to 65.594 million in 2008/09.
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