Market News

Big week for corn inspections

USDA reports corn export inspections for the week ending April 17 were larger than expected, while soybeans and wheat were within pre-report estimates.

Wheat came out at 495,250 tons, down 216,977 from the week ending April 10 and 223,097 lower than the week ending April 18, 2013. For the 2013/14 marketing year to date, wheat inspections are 27,762,995 tons, compared to 23,719,275 in 2012/13.

Corn was reported at 1,599,228 tons, up 119,388 from the previous week and 1,272,979 higher than this time last year. So far this marketing year, corn inspections are 26,800,734 tons, compared to 11,951,498 a year ago.

Soybeans were pegged at 138,777 tons, 129,652 less than the week before, but 686 more than last year. At this point in the marketing year, soybean inspections are 41,084,185 tons, compared to 33,674,804 a year ago.

Sorghum inspections totaled 270,549 tons. That’s an increase of 64,079 tons on the week and 254,371 on the year. 2013/14 sorghum inspections are 2,814,119 tons, compared to 1,356,957 in 2012/13.

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