Solid week for corn export inspections
The USDA reports corn and soybean export inspections as of the week ending April 13th remain on pace to meet projections for the 2016/17 marketing year.
Wheat came out at 671,868 tons, up 12,685 from the week ending April 6th and 213,403 higher than the week ending April 14th, 2016. With less than two months left in the 2016/17 marketing year for wheat, inspections are 23,165,659, compared to 17,614,032 in 2015/16.
Corn was reported at 1,328,134 tons, 115,452 more than the previous week and 227,356 above this time last year. So far this marketing year, corn inspections are 35,885,493 tons, compared to 21,871,567 a year ago.
Soybeans were pegged at 430,879 tons, a decrease of 458,894 from the week before, but an increase of 162,861 from last year. At this point in the marketing year, soybean inspections are 48,261,394 tons, compared to 42,443,941 a year ago.
Sorghum inspections totaled 139,568 tons, down 23,327 on the week and 55,941 on the year. 2016/17 sorghum inspections are 4,045,605 tons, compared to 6,435,035 in 2015/16.
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