News

Corn, wheat export inspections up on week

The USDA reports corn, soybean, wheat export inspections for the week July 27th remain ahead of what’s needed weekly to meet USDA projections for their respective marketing years.

Wheat came out at 578,649 tons, up 76,327 from the week ending July 20th, but down 91,012 from the week ending July 28th, 2016. For the 2017/18 marketing year to date, wheat inspections are 5,018,042 tons, compared to 4,362,925 in 2016/17.

Corn was reported at 989,105 tons, 5,814 higher than the previous week, but 155,236 lower than this time last year. With a little more than a month left in the 2016/17 marketing year, corn inspections are 52,847,658 tons, compared to 40,211,388 a year ago.

Soybeans were pegged at 476,186 tons, 165,138 less than the week before and 203,414 under last year. So far this marketing year, soybean inspections are 54,413,387 tons, compared to 46,813,219 tons a year ago.

Sorghum inspections totaled 221,325 tons. That’s an increase of 114,385 tons on the week and 17,182 on the year. 2016/17 sorghum inspections are 5,526,569 tons, compared to 8,150,936 in 2015/16.