As-expected Corn, Soybean and Wheat Export Inspections

Posted on 03/09/2017 10:24 AM
USDA Weekly Grain Export Inspections
Week Ended Jan. 28, 2015
Corn
Actual (MT) 681,807
Expectations (MT) 550,000-700,000
Comments: Inspections were up 82,042 MT from last week and the tally matched expectations. Inspections for 2015-16 are running 20.4% behind year-ago compared to 21.5% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.700 billion bu. is down 8.8% from the previous marketing year.
Wheat
Actual (MT) 281,936
Expectations (MT) 200,000-350,000
Comments: Inspections were up 94,033 MT from the previous week and the tally was within expectations. Inspections for 2015-16 are running 12.0% behind year-ago compared to 11.2% 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) 1,153,438
Expectations (MT) 950,000-1,250,000
Comments: Export inspections were down 44,768 MT from the previous week and shipments were as expected. Inspections for the 2015-16 marketing year are running 12.5% behind year-ago versus 11.6% 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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