Corn, wheat export inspections up on week
The USDA reports that as of the week ending July 13th, corn, soybean, and wheat export inspections remain ahead of the pace needed to meet projections for their respective marketing years.
Wheat came out at 578,627 tons, up 42,625 from the week ending July 6th and 131,956 higher than the week ending July 14th, 2016. Roughly a month and a half into the 2017/18 marketing year, wheat inspections are 3,921,581 tons, compared to 3,104,555 in 2016/17.
Corn was reported at 1,109,638 tons, 98,749 more than the previous week, but 219,213 less than this time last year. With less than a quarter left in the 2016/17 marketing year, corn inspections are 50,862,048 tons, compared to 37,747,716 in 2015/16.
Soybeans were pegged at 285,972 tons, down 190,164 from the week before and 114,609 lower than last year. So far this marketing year, soybean inspections are 53,283,777 tons, compared to 45,413,046 a year ago.
Sorghum inspections totaled 60,695 tons. That’s a decrease of 51,351 tons on the week and 9,804 on the year. 2016/17 sorghum inspections are 5,197,581 tons, compared to 7,766,929 in 2015/16.
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