Soybean and Wheat Shipments Top Expectations

Posted on 03/09/2017 10:22 AM
USDA Weekly Grain Export Inspections
Week Ended June 16, 2016
Corn
Actual (MT) 1,235,070
Expectations (MT) 1,100,000-1,400,000
Comments: Inspections were down 472,797 MT from last week and the tally was within expectations. Inspections for 2015-16 are running 7.1% behind year-ago compared to 7.7% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.825 billion bu. is down 2.1% from the previous marketing year.
Wheat
Actual (MT) 571,724
Expectations (MT) 250,000-450,000
Comments: Inspections were up 164,019 MT from the previous week and the tally topped expectations. Inspections for 2016-17 are running 35.7% ahead of year-ago compared to 7.2% ahead last week. USDA's export forecast for 2016-17 is at 900 million bu., up 16.1% from the previous marketing year.
Soybeans
Actual (MT) 314,990
Expectations (MMT) 100,000-200,000
Comments: Export inspections were up 165,724 MT from the previous week and above expectations. Inspections for the 2015-16 marketing year are running 7.6% behind year-ago versus 7.9% behind last week. USDA's 2015-16 export forecast is at 1.760 billion bu., down 4.5% from year-ago.

 


 

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