Soybean Shipments Hold Strong

Posted on 03/09/2017 10:18 AM

 

USDA Weekly Grain Export Inspections
Week Ended Feb. 16, 2017
Corn
Actual (MT) 1,152,233
Expectations (MT)

1,100,000-1,300,000

Comments: Inspections are down 103,660 MT from the previous week and in line with expectations. Inspections for 2016-17 are up 74.1% from year-ago, compared to 77.4% 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) 558,252
Expectations (MT) 350,000-550,000
Comments:

Inspections are up 233,458 MT from the previous week and above expectations. Inspections for 2016-17 are running 27.4% ahead of year-ago compared to 25.8% ahead last week. USDA's export forecast for 2016-17 is at 1.025 billion bu., up 32.3% from the previous marketing year.

Soybeans
Actual (MT) 1,076,390
Expectations (MMT) 1,100,000-1,300,000
Comments: Export inspections fell 69,142 MT from the previous week, and the tally was just below expectations. Inspections for 2016-17 are running 13.6% ahead of year-ago, compared to 15.5% 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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