It was a mixed week for grain and oilseed export inspections. USDA reports soybean and wheat inspections for the week ending March 11 were below pre-report estimates while corn was above expectations. Soybeans were above what’s needed weekly to meet USDA projections for the 2009/10 marketing year but corn and wheat fell short of their respective marks.
Wheat came out at 9.167 million bushels, down 11.924 million from the week ending March 4 and 3.693 million lower than the week ending March 12, 2009. For the 2009/10 marketing year to date, wheat inspections are 651.523 million bushels, compared to 804.960 million in 2008/09.
Corn was reported at 36.522 million bushels, 1.336 million less than the previous week but 1.271 million more than a year ago. So far this marketing year, corn inspections are 882.051 million bushels, compared to 857.077 million this time last year.
Soybeans were pegged at 31.495 million bushels, 2.426 million below the prior week but 7.602 million above last year. At this point in the marketing year, soybean inspections are 1.174 billion bushels, compared to 878.409 million a year ago.
Sorghum inspections totaled 2.203 million bushels. That’s an increase of 673,000 bushels from the week before but a decrease of 304,000 from a year ago. 2009/10 sorghum inspections are 90.562 million bushels, compared to 80.561 million in 2008/09.
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