Aggressive Soybean Shipments Continue

Posted on 03/09/2017 10:19 AM
USDA Weekly Grain Export Inspections
Week Ended Nov. 17, 2016
Corn
Actual (MT) 875,976
Expectations (MT) 800,000-1,000,000
Comments: Inspections are up 190,986 MT from last week and within expectations. Inspections for 2016-17 are up 82.6% from year-ago, compared to 82.1% ahead the previous week. USDA's 2016-17 export forecast of 2.225 billion bu. is up 17.2% above the previous marketing year.
Wheat
Actual (MT) 429,770
Expectations (MT) 300,000-500,000
Comments: Inspections are up 150,604 MT from the previous week and within expectations. Inspections for 2016-17 are running 29.4% ahead of year-ago compared to 27.7% ahead last week. USDA's export forecast for 2016-17 is at 975 million bu., up 25.8% from the previous marketing year.
Soybeans
Actual (MT) 2,666,079
Expectations (MMT) 1,700,000-2,000,000
Comments: Export inspections were down 277,629 MT from the previous week's strong tally but well above expectations expectations. Inspections for 2016-17 are running 20.6% ahead of year-ago, compared to 16.9% ahead the previous week. USDA's 2016-17 export forecast is at 2.050 billion bu., up 5.9% from year-ago.

 


 

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