Good week for soybean, wheat inspections

May 1st, 2012

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Category: Grains, Oilseeds

Weather affecting agriculture(Brownfield) – USDA reports soybean and wheat export inspections for the week ending April 26 were above what’s needed weekly to meet USDA projections for the 2011/12 marketing year while corn fell short of its’ mark.

Wheat came out at 19.831 million bushels, down 5.330 million from the week ending April 19 and 16.920 million lower than the week ending April 28, 2011. With a little more than a month left in the 2011/12 marketing year, wheat inspections are 916.278 million bushels, compared to 1.130 billion in 2010/11.

Corn was reported at 24.921 million bushels, 6.166 million less than the previous week and a decrease of 12.797 million from a year ago. For the marketing year to date, corn inspections are 1.080 billion bushels, compared to 1.161 billion this time last year.

Soybeans were pegged at 15.450 million bushels, up 2.740 million from the week before and 7.060 million higher than last year. So far this marketing year, soybean inspections are 1.089 billion bushels, compared to 1.359 billion a year ago.

Sorghum inspections totaled 641,000 bushels. That’s 241,000 bushels below the prior week and a drop of 1.929 million from a year ago. 2011/12 sorghum inspections are 41.169 million bushels, compared to 101.750 million in 2010/11.

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