Another Week of Strong Corn Shipments

Posted on 03/09/2017 10:23 AM

 

USDA Weekly Grain Export Inspections
Week Ended May 12, 2016
Corn
Actual (MT) 1,110,600
Expectations (MT) 1,000,000-1,200,000
Comments: Inspections were down 37,555 MT from last week and within expectations. Inspections for 2015-16 are running 11.6% behind year-ago compared to 12.1% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.725 billion bu. is down 7.5% from the previous marketing year.
Wheat
Actual (MT) 367,881
Expectations (MT) 350,000-500,000
Comments: Inspections were down 132,428 MT from the previous week and near the low end of expectations. Inspections for 2015-16 are running 11.6% behind year-ago compared to 12.0% behind last week. USDA's export forecast for 2015-16 is at 780 million bu., down 8.7% from the previous marketing year.
Soybeans
Actual (MT) 194,627
Expectations (MMT) 100,000-250,000
Comments: Export inspections were up 48,587 MT from the previous week and within expectations. Inspections for the 2015-16 marketing year are running 7.4% behind year-ago versus 7.3% behind last week. USDA's 2015-16 export forecast is at 1.740 billion bu., down 5.6% from year-ago.

 


 

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