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Solid week for wheat inspections

USDA reports wheat export inspections for the week ending August 14 were above what’s needed weekly to meet USDA projections for the 2014/15 marketing year, but corn and wheat fell short of their respective marks for 2013/14. The 2014/15 marketing year for corn, soybeans, and sorghum starts September 1.

Wheat came out at 596,675 tons, up 45,398 from the week ending August 7, but down 325,578 from the week ending August 15, 2013. For the 2014/15 marketing year to date, wheat inspections are 5,181,328 tons, compared to 7,445,803 in 2013/14.

Corn was reported at 970,874 tons, 63,411 higher than the previous week and 788,886 more than this time last year. At this point in the 2013/14 marketing year, corn inspections are 44,847,927 tons, compared to 16,921,625 in 2012/13.

Soybeans were pegged at 56,210 tons, 42,700 lower than the week before and 87,813 less than a year ago. So far this marketing year, soybean inspections are 43,216,821 tons, compared to 35,608,151 last year.

Sorghum inspections totaled 163,102 tons. That’s a decrease of 155,012 tons on the week, but an increase of 138,247 on the year. 2013/14 sorghum inspections are 4,737,387 tons, compared to 1,728,418 in 2012/13.

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