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Solid week for wheat inspections

USDA reports wheat export inspections for the week ending August 28 were above what’s needed weekly to meet USDA projections for the 2014/15 marketing year, but corn and soybeans fell short of their respective marks for 2013/14. The 2014/15 marketing year for corn, soybeans, and sorghum started September 1.

Wheat came out at 773,041 tons, up 194,099 from the week ending August 21, but down 236,865 from the week ending August 29, 2013. For the 2014/15 marketing year to date, wheat inspections are 6,533,311 tons, compared to 9,309,484 in 2013/14.

Soybeans were pegged at 37,381 tons, 107,780 lower than the previous week and 3,003 less than this time last year. Late in the 2013/14 marketing year, soybean inspections are 43,399,915 tons, compared to 35,717,135 near the end of 2012/13.

Corn was reported at 873,195 tons, a decline of 229,490 on the week, but an increase of 420,493 on the year. So far this marketing year, soybean inspections are 46,824,238 tons, compared to 17,682,669 a year ago.

Sorghum inspections totaled 158,431 tons. That’s 82,231 tons below the prior week, but 143,528 above last year. 2013/14 sorghum inspections are 5,138,680 tons, compared to 1,802,206 in 2012/13.

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