Soybean Export Inspections Top 2 MMT for the 7th Week in a Row

Posted on 03/09/2017 10:19 AM

 

USDA Weekly Grain Export Inspections
Week Ended Nov. 24, 2016
Corn
Actual (MT) 800,967
Expectations (MT) 850,000-1,050,000
Comments: Inspections are down 75,033 MT from last week and below expectations. Inspections for 2016-17 are up 85.4% from year-ago, compared to 82.6% 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) 221,985
Expectations (MT) 325,000-525,000
Comments: Inspections are down 212,016 MT from the previous week and below expectations. Inspections for 2016-17 are running 27.1% ahead of year-ago compared to 29.4% 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) 2,090,724
Expectations (MMT) 1,800,000-2,100,000
Comments: Export inspections were down 581,345 MT from the previous week's strong tally and near the top end of expectations expectations. Inspections for 2016-17 are running 19.1% ahead of year-ago, compared to 20.6% 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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