Compared to last week, cash bids for wheat were lower, corn, soybeans and sorghum were mixed. Export inspections for week ending February 7th totaled 29.2 million bushels of corn, 39 million bushels of soybeans and 20.6 million bushels of wheat. All export inspection figures were lower when compared to the week prior. Ethanol production for the week ending February 8th saw a 62,000 barrel per day increase compared to the week prior, totaling 1.029 million barrels per day. USDA said export sales figures for week ending January 3rd totaled 18.1 million bushels of corn, 22.5 million bushels of soybeans, and 4.8 million bushels of wheat. Wheat was six to 15 cents lower. Corn was two cents lower to five cents higher. Sorghum was six cents lower to 24 cents higher. Soybeans were nine cents lower to three cents higher.
Source: USDA-MO Dept of Ag Market News Service, St. Joseph, Mo.