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Solid week for wheat inspections

USDA reports wheat export inspections for the week ending August 21 were larger than what’s needed weekly to meet projections for the 2014/15 marketing year, but corn and soybeans both fell short of their respective marks for 2013/14. The 2013/14 marketing year for corn, soybeans, and sorghum ends August 31.

Wheat came out at 558,113 tons, down 38,562 from the week ending August 14 and 295,662 lower than the week ending August 22, 2013. At this point in the 2014/15 marketing year, wheat inspections are 5,739,441 tons, compared to 8,299,578 in 2013/14.

Corn was reported at 1,091,301 tons, up 119,996 from the previous week and 782,959 higher than this time last year. For the 2013/14 marketing year to date, corn inspections are 45,939,659 tons, compared to 1,229,967 in 2012/13.

Soybeans were pegged at 145,161 tons, 88,252 more than the prior week and 76,561 larger than a year ago. So far this marketing year, soybean inspections are 43,362,534 tons, compared to 35,676,751 last year.

Sorghum inspections totaled 239,780 tons. That’s an increase of 74,868 tons on the week and 180,895 on the year. 2013/14 sorghum inspections are 4,979,367 tons, compared to 1,787,303 in 2012/13.