Corn, Soybean and Wheat Shipments Match Expectations

Posted on 03/09/2017 10:24 AM
USDA Weekly Grain Export Inspections
Week Ended Feb. 25, 2016
Corn
Actual (MT) 737,602
Expectations (MT) 650,000-800,000
Comments: Inspections were down 171,208 MT from last week and the tally matched expectations. Inspections for 2015-16 are running 20.6% behind year-ago compared to 19.0% 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) 371,934
Expectations (MT) 275,000-400,000
Comments: Inspections were up 102,221 MT from the previous week and the tally was within expectations. Inspections for 2015-16 are running 13.0% behind year-ago compared to 12.8% 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) 1,048,841
Expectations (MMT) 1,000,000-1,500,000
Comments: Export inspections were down 499,361 MT from the previous week and shipments were as expected. Inspections for the 2015-16 marketing year are running 8.2% behind year-ago versus 11.0% 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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