USDA reports corn inspections for the week ending November 25 were smaller than expected while soybeans and wheat were inside estimates. Soybean inspections were above what’s needed weekly to meet USDA projections for the 2010/11 marketing year but corn and wheat fell short of their respective marks.
Soybeans were pegged at 48.948 million bushels, 8.700 million less than the prior week but 117,000 more than last year. For the marketing year to date, soybean inspections are 570.851 million bushels, compared to 491.470 million a year ago.