News

Soybean inspections up on week, year

USDA reports corn and soybean export inspections remain ahead of what’s needed weekly to meet projections for the 2014/15 marketing year.

For the week ending March 26, wheat inspections are 322,016 tons, down 221,671 from the week ending March 19 and 185,444 lower than the week ending March 27, 2014. At this point in the 2014/15 marketing year, wheat inspections are 18,760,396 tons, compared to 25,928,515 in 2013/14.

Corn was reported at 762,276 tons, 232,439 less than the previous week and 572,753 below this time last year. For the marketing year to date, corn inspections are 22,259,704 tons, compared to 22,411,102 a year ago.

Soybeans were pegged at 655,720 tons, up 135,179 from the prior week and 148,187 higher than last year. So far this marketing year, soybean inspections are 44,320,167 tons, compared to 40,167,352 a year ago.

Sorghum inspections came out at 172,591 tons, a decrease of 67,522 on the week, but an increase of 26,994 on the week. 2014/15 sorghum inspections are 5,583,728 tons, compared to 2,303,241 in 2013/14.