News

Corn, soybean export inspection pace stays slow

 

The USDA reports corn and soybean export inspections as of the week ending March 22nd remain slower than what’s needed to meet USDA projections for the 2017/18 marketing year. The current marketing year runs through May for wheat and August for beans, corn, and sorghum.

Wheat came out at 278,815 tons, down 197,652 from the week ending March 15th and 267,394 lower than the week ending March 23rd, 2017. With less than a quarter left in the 2017/18 marketing year, wheat inspections are 19,447,037 tons, compared to 21,261,082 in 2016/17.

Corn was reported at 1,153,963 tons, 285,192 less than the previous week and 415,816 under this time last year. More than halfway through the marketing year, corn inspections are 22,916,794 tons, compared to 31,852,593 a year ago.

Soybeans were pegged at 584,612 tons, up 84,625 from the week before and 28,212 higher than a year ago. For the marketing year to date, soybean inspections are 40,814,437 tons, compared to 46,356,222 last year.

Sorghum totaled 254,684 tons. That’s an increase of 2,356 tons on the week and 88,385 on the year. 2017/18 sorghum inspections are 3,688,118 tons, compared to 3,604,722 in 2016/17.