Solid week for corn export inspections
The USDA reports corn export inspections for the week ending March 13th were above what’s needed to meet USDA projections for the 2016/17 marketing year.
Wheat came out at 519,127 tons, down 64,407 from the week ending March 2nd, but up 112,085 from the week ending March 3rd, 2016. For the 2016/17 marketing year to date, wheat inspections are 20,035,161 tons, compared to 15,664,810 in 2015/16.
Corn was reported at 1,547,022 tons, 97,019 higher than the previous week and 731,849 more than this time last year. So far this marketing year, corn inspections are 28,910,380 tons, compared to 16,553,724 a year ago.
Soybeans were pegged at 656,288 tons, 289,759 lower than the prior week and 59,559 less than last year. At this point in the marketing year, soybean inspections are 44,992,939 tons, compared to 40,417,104 a year ago.
Sorghum inspections totaled 143,109 tons. That’s an increase of 87,378 tons on the week, but a decrease of 5,714 on the year. 2016/17 sorghum inspections are 3,377,703 tons, compared to 5,413,688 in 2015/16.
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