Soybean and Wheat Inspections At Top End of Expectations

Posted on 03/09/2017 10:19 AM
USDA Weekly Grain Export Inspections
Week Ended Dec. 15, 2016
Corn
Actual (MT) 769,008
Expectations (MT) 800,000-1,000,000
Comments: Inspections are down 103,295 MT from the previous week and were below expectations. Inspections for 2016-17 are up 80.0% from year-ago, compared to 86.3% ahead the previous week. USDA's 2016-17 export forecast of 2.225 billion bu. is up 17.2% above the previous marketing year.
Wheat
Actual (MT) 478,213
Expectations (MT) 300,000-500,000
Comments:

Inspections are up 33,218 MT from the previous week and near the top end of expectations. Inspections for 2016-17 are running 26.9% ahead of year-ago compared to 28.6% ahead last week. USDA's export forecast for 2016-17 is at 975 million bu., up 25.8% from the previous marketing year.

Soybeans
Actual (MT) 1,731,565
Expectations (MMT) 1,500,000-1,800,000
Comments: Export inspections were down 110,996 MT from the previous week and were at the top end of expectations. Inspections for 2016-17 are running 19.5% ahead of year-ago, compared to 19.5% ahead the previous week. USDA's 2016-17 export forecast is at 2.050 billion bu., up 5.9% from year-ago.

 


 

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