Compared to last week, cash bids for wheat, corn and soybeans were mostly lower, sorghum was higher. Export inspections for week ending February 28th totaled 34 million bushels of corn, 31 million bushels of soybeans, and 16.1 million bushels of wheat. Corn inspections were higher than the previous week while soybean and wheat inspections came in lower. Ethanol production for week ending March 1st totaled 1.024 million barrels per day, a slight decrease compared to the week prior. Export sales for week ending February 28th totaled 38.2 million bushels of corn, 11.4 million bushels of soybeans, and 22.8 million bushels of wheat. Wheat was one to 25 cents lower. Corn was steady to 10 cents lower. Sorghum was 11 cents lower to six cents higher. Soybeans were eight cents lower to eight cents higher.
Source: USDA-MO Dept of Ag Market News Service, St Joseph, Mo.