Corn Export Inspections a Bit Stronger Than Anticipated

Posted on 03/09/2017 10:25 AM
USDA Weekly Grain Export Inspections
Week Ended Jan. 7, 2015
Corn
Actual (MT) 550,258
Expectations (MT) 350,000-500,000
Comments: Inspections were up 171,682 MT from last week and the tally topped traders' expectations. Inspections for 2015-16 are running 20.5% behind year-ago compared to 22.2% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.750 billion bu. is down 6.1% from the previous marketing year.
Wheat
Actual (MT) 393,688
Expectations (MT) 275,000-400,000
Comments: Inspections were up 43,219 MT from the previous week and the tally was within expectations. Inspections for 2015-16 are running 11.0% behind year-ago compared to 12.3% behind last week. USDA's export forecast for 2015-16 is at 800 million bu., down 6.3% from the previous marketing year.
Soybeans
Actual (MT) 1,244,364
Expectations (MT) 1,200,000-1,350,000
Comments: Export inspections were down 379,628 MT from the previous week and shipments were within traders' expectations. Inspections for the 2015-16 marketing year are running 11.2% behind year-ago versus 10.3% behind last week. USDA's 2015-16 export forecast is at 1.715 billion bu., down 6.9% from year-ago.
"

Add new comment