Strong Corn Shipments, Light Soybean Inspections

Posted on 03/09/2017 10:23 AM
USDA Weekly Grain Export Inspections
Week Ended March 31, 2016
Corn
Actual (MT) 1,054,042
Expectations (MT) 750,000-950,000
Comments: Inspections were up 64,980 MT from last week and the tally topped expectations. Inspections for 2015-16 are running 15.9% behind year-ago compared to 16.7% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.650 billion bu. is down 11.5% from the previous marketing year.
Wheat
Actual (MT) 318,348
Expectations (MT) 275,000-400,000
Comments: Inspections were down 33,437 MT from the previous week and the tally was within expectations. Inspections for 2015-16 are running 12.3% behind year-ago compared to 12.2% behind last week. USDA's export forecast for 2015-16 is at 775 million bu., down 9.3% from the previous marketing year.
Soybeans
Actual (MT) 204,974
Expectations (MMT) 300,000-500,000
Comments: Export inspections were down 362,872 MT from the previous week and shipments fell short of expectations. Inspections for the 2015-16 marketing year are running 7.3% behind year-ago versus 6.5% 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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