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Export inspections remain slower than anticipated

The USDA reports grain and oilseed export inspections as of the week ending November 16th remain behind what’s needed to meet USDA projections for the 2017/18 marketing year.

Wheat came out at 259,264 tons, down 49,150 from the week ending November 9th and 174,737 lower than the week ending November 17th, 2016. Just shy of halfway through the 2017/18 marketing year, wheat inspections are 11,995,575 tons, compared to 12,869,056 in 2016/17.

Corn was reported at 632,793 tons, 234,444 more than the previous week, but 243,207 less than this time last year. Almost a quarter into the marketing year, corn inspections are 6,583,717 tons, compared to 11,738,375 a year ago.

Soybeans were pegged at 2,131,354 tons, 53,830 below the week before and 542,943 under last year. For the marketing year to date, soybean inspections are 19,185,644 tons, compared to 21,937,892 a year ago.

Sorghum inspections totaled 65,725 tons. That’s a decrease of 76,321 tons on the week and 50,433 on the year. 2017/18 sorghum inspections are 707,669 tons, compared to 825,556 in 2016/17.

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