News

Good week for corn, soybean export inspections

The USDA reports corn and soybean export inspections as of the week ending October 19th improved, but remain behind the pace of the previous marketing year.

Wheat came out at 169,750 tons, down 154,775 from the week ending October 12th and 96,487 lower than the week ending October 20th, 2016. For the 2017/18 marketing year to date, wheat inspections are 10,796,552 tons, compared to 11,307,961 in 2016/17.

Corn was reported at 614,075, up 283,619 from the previous week and 62,768 higher than this time last year. So far this marketing year, corn inspections are 4,526,385 tons, compared to 8,366,778 a year ago.

Soybeans were pegged at 2,562,444 tons, 776,501 more than the prior week, but 260,894 less than a year ago. At this point in the marketing year, soybean inspections are 9,812,520 tons, compared to 10,652,279 last year.

Sorghum inspections totaled 74,288 tons. That’s an increase of 72,754 tons on the week, but a decrease of 35,236 on the year. 2017/18 sorghum inspections are 444,601 tons, compared to 576,086 in 2016/17.