Corn Shipments Top Expectations

Posted on 03/09/2017 10:24 AM
USDA Weekly Grain Export Inspections
Week Ended March 24, 2016
Corn
Actual (MT) 977,686
Expectations (MT) 750,000-950,000
Comments: Inspections were down 36,348 MT from last week and the tally topped expectations. Inspections for 2015-16 are running 16.7% behind year-ago compared to 18.3% 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) 327,118
Expectations (MT) 325,000-500,000
Comments: Inspections were down 143,081 MT from the previous week and the tally was within expectations. Inspections for 2015-16 are running 12.2% behind year-ago compared to 12.5% 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) 567,528
Expectations (MMT) 450,000-650,000
Comments: Export inspections were down 9,555 MT from the previous week and shipments matched expectations. Inspections for the 2015-16 marketing year are running 6.5% behind year-ago versus 6.4% 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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