Corn Export Inspections Disappoint

Posted on 03/09/2017 10:22 AM

 

USDA Weekly Grain Export Inspections
Week Ended May 26, 2016
Corn
Actual (MT) 786,407
Expectations (MT) 1,000,000-1,300,000
Comments: Inspections were down 361,449 MT from last week and the tally fell short of expectations. Inspections for 2015-16 are running 11.0% behind year-ago compared to 10.9% 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) 494,842
Expectations (MT) 250,000-400,000
Comments: Inspections were up 192,500 MT from the previous week and above expectations. Inspections for 2015-16 are running 11.2% 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) 182,261
Expectations (MMT) 50,000-250,000
Comments: Export inspections were up 93,912 MT from the previous week and matched expectations. Inspections for the 2015-16 marketing year are running 7.6% behind year-ago versus 7.8% 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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