Wheat and Soybean Export Inspections Within Expectations

Posted on 03/09/2017 10:22 AM
USDA Weekly Grain Export Inspections
Week Ended July 16, 2016
Corn
Actual (MT) 1,327,509
Expectations (MT) 1,000,000-1,300,000
Comments: Inspections were down 59,758 MT from last week and the tally topped expectations. Inspections for 2015-16 are running 3.4% behind year-ago compared to 4.0% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.90 billion bu. is up 1.9% from the previous marketing year.
Wheat
Actual (MT) 439,484
Expectations (MT) 300,000-500,000
Comments: Inspections were up 32,377 MT from the previous week and the tally was within expectations. Inspections for 2016-17 are running 30.4% ahead of year-ago compared to 41.0% ahead last week. USDA's export forecast for 2016-17 is at 925 million bu., up 19% from the previous marketing year.
Soybeans
Actual (MT) 367,380
Expectations (MMT) 250,000-400,000
Comments: Export inspections were down 11,704 MT from the previous week and the tally met expectations. Inspections for the 2015-16 marketing year are running 6.9% behind year-ago versus 7.1% behind last week. USDA's 2015-16 export forecast is at 1.795 billion bu., up 2.6% from year-ago.

 


 

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