USDA reports corn and soybean export inspections for the week ending October 25 were larger than expected while wheat was below all estimates.
Wheat came out at 9.700 million bushels, down 6.754 million from the week ending October 18 and 11.245 million lower than the week ending October 27, 2011. For the 2012/13 marketing year to date, wheat inspections are 402.816 million bushels, compared to 462.202 million in 2011/12.
Corn was reported at 15.516 million bushels, 5.083 million more than the previous week but 15.571 million less than this time last year. So far this marketing year, corn inspections are 143.267 million bushels, compared to 226.115 million a year ago.
Soybeans were pegged at 63.358 million bushels, a decrease of 1.817 million on the week but an increase of 13.805 million on the year. At this point in the marketing year, soybean inspections are 309.307 million bushels, compared to 208.405 million last year.
Sorghum inspections totaled 537,000 bushels. That’s a drop of 5.912 million bushels from the week before and 517,000 less than a year ago. 2012/13 sorghum inspections are 19.042 million bushels, compared to 17.601 million in 2011/12.