Corn and Soybean Shipments Top Expectations

Posted on 03/09/2017 10:23 AM

 

USDA Weekly Grain Export Inspections
Week Ended April 7, 2016
Corn
Actual (MT) 1,121,902
Expectations (MT) 775,000-975,000
Comments: Inspections were up nearly 30,000 MT from last week and the tally topped expectations. Inspections for 2015-16 are running 14.1% behind year-ago compared to 15.9% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.650 billion bu. is down 11.5% from the previous marketing year.
Wheat
Actual (MT) 339,226
Expectations (MT) 250,000-380,000
Comments: Inspections were up 11,345 MT from the previous week and the tally was within expectations. Inspections for 2015-16 are running 12.6% behind year-ago compared to 12.3% behind last week. USDA's export forecast for 2015-16 is at 775 million bu., down 9.3% from the previous marketing year.
Soybeans
Actual (MT) 386,768
Expectations (MMT) 100,000-300,000
Comments: Export inspections were up 159,940 MT from the previous week and shipments surpassed expectations. Inspections for the 2015-16 marketing year are running 7.3% behind year-ago versus 7.3% behind last week. USDA's 2015-16 export forecast is at 1.690 billion bu., down 8.3% from year-ago.

 


 

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