Solid week for corn, soybean export inspections
The USDA reports corn and soybean export inspections for the week ending March 16th were more than what’s needed to meet USDA projections for the 2016/17 marketing year.
Wheat came out at 624,334 tons, up 80,168 from the week ending March 9th and 154,135 higher than the week ending March 17th, 2016. For the 2016/17 marketing year to date, wheat inspections are 20,684,534 tons, compared to 16,135,009 in 2015/16.
Corn was reported at 1,333,064 tons, a decrease of 232,557 from the prior week, but an increase of 319,030 from this time last year. At this point in the marketing year, corn inspections are 30,262,043 tons, compared to 17,567,758 a year ago.
Soybeans were pegged at 737,255 tons, 60,695 more than the previous week and 160,172 above last year. So far this marketing year, soybean inspections are 45,750,466 tons, compared to 40,994,187 a year ago.
Sorghum inspections totaled 48,218 tons. That’s a drop of 95,634 tons on the week and 179,765 on the year. 2016/17 sorghum inspections are 3,426,664 tons, compared to 5,641,671 in 2015/16.
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