Corn Export Inspections Again Top 1 MMT

Posted on 03/09/2017 10:23 AM
USDA Weekly Grain Export Inspections
Week Ended May 19, 2016
Corn
Actual (MT) 1,076,464
Expectations (MT) 1,000,000-1,150,000
Comments: Inspections were down nearly 57,000 MT from last week and matched expectations. Inspections for 2015-16 are running 10.9% behind year-ago compared to 11.6% 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) 301,271
Expectations (MT) 300,000-450,000
Comments: Inspections were down 68,107 MT from the previous week and within expectations. Inspections for 2015-16 are running 12.0% behind year-ago compared to 11.6% 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) 77,372
Expectations (MMT) 100,000-250,000
Comments: Export inspections were down 133,684 MT from the previous week and below expectations. Inspections for the 2015-16 marketing year are running 7.8% behind year-ago versus 7.4% 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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