Corn Shipments Climb Versus Week- and Year-ago

Posted on 09/17/2018 10:02 AM

USDA’s Weekly Grain Export Inspections

Week Ended Sept. 13, 2018

Corn

Actual (MT)

1,030,267

Expectations (MT)

850,000-1,200,000

Comments

Inspections were up nearly 247,000 MT from the week prior, and shipments were in line with expectations. Inspections are running 25.1% ahead of year-ago early in the 2018-19 marketing year, versus 2.9% behind year-ago last week. USDA's 2018-19 export forecast of 2.400 billion bu. is down 1.0% from the previous marketing year.

Wheat

Actual (MT)

406,004

Expectations (MT)

350,000-500,000

Comments

Export inspections climbed 24,711 MT from last week and the tally lined up with expectations.  Inspections are running 30.1% behind the 2017-18 marketing year, versus 31.2% behind last week. USDA projects exports in 2018-19 at 1.025 billion bu., up 13.8% from the previous marketing year.

Soybeans

Actual (MT)

784,752 

Expectations (MT)

700,000-1,000,000

Comments

Export inspections dropped 145,580 MT from last week, but the tally did align with expectations. Inspections for 2018-19 are running 20.7% behind year-ago two weeks into the marketing year, compared with 24.8% behind last week. USDA projects exports in 2018-19 at 2.060 billion bu., down 3.3% from year-ago.

Add new comment