News

Soybean export inspections stay slow

The USDA says soybean export inspections as of the week ending December 6th continue to trail expectations.

Wheat came out at 418,460 tons, down 56,020 from the week ending November 29th, but up 63,833 from the week ending December 7th, 2017. Just over halfway through the 2018/19 marketing year, wheat inspections are 10,999,794 tons, compared to 13,131,090 in 2017/18.

Corn was reported at 876,305 tons, 187,390 less than the previous week, but 168,386 more than this time last year. About a quarter into the marketing year, corn inspections are 15,106,258 tons, compared to 8,604,177 a year ago.

Soybeans were pegged at 922,094 tons, a decrease of 123,737 from the week before and a decline of 321,095 from a year ago. So far, this marketing year, soybean inspections are 14,180,414 tons, compared to 24,100,673 last year.

Sorghum totaled 16,915 tons, a drop of 91,046 on the week and 134,103 on the year. 2018/19 sorghum inspections are 369,230 tons, compared to 1,235,893 in 2017/18.