Solid week for corn, soybean export inspections
The USDA reports corn and soybean export inspections for the week ending April 6th were above what’s needed to meet USDA projections for the 2016/17 marketing year.
Wheat came out at 641,365 tons, up 68,418 from the week ending March 30th and 300,473 higher than the week ending April 7th, 2016. For the 2016/17 marketing year to date, wheat inspections are 22,475,910 tons, compared to 17,155,567 in 2015/16.
Corn was reported at 1,170,380 tons, 317,550 less than the previous week, but 48,286 more than this time last year. So far this marketing year, corn inspections are 34,515,057 tons, compared to 20,770,819 a year ago.
Soybeans were pegged at 832,957 tons, 205,446 above the prior week and 445,895 larger than last year. At this point in the marketing year, soybean inspections are 47,773,675 tons, compared to 42,175,923 a year ago.
Sorghum inspections totaled 155,910 tons, an increase of 17,940 on the week, but a decrease of 25,230 on the year. 2016/17 sorghum inspections are 3,899,052 tons, compared to 6,239,526 in 2015/16.
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