Corn Shipments Running an Impressive 62% Ahead of Year-ago

Posted on 10/09/2018 10:16 AM

 

USDA’s Weekly Grain Export Inspections

Week Ended Oct. 4, 2018

Corn

Actual (MT)

1,351,177

Expectations (MT)

1,000,000-1,400,000

Comments

Inspections were down roughly 26,100 MT from the week prior, and shipments were in line with expectations.  Inspections are running 62.1% ahead of year-ago, versus 47.4% ahead of 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)

423,270

Expectations (MT)

300,000-500,000

Comments

Export inspections climbed nearly 51,300 MT from last week and the tally lined up with expectations.  Inspections are running 28.9% behind the 2017-18 marketing year, versus 30.6% 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)

569,776

Expectations (MT)

500,000-900,000

Comments

Export inspections slid nearly 60,500 MT from last week, but the tally did align with expectations. Inspections for 2018-19 are running 35.2% behind year-ago, compared with 26.2% behind last week. USDA projects exports in 2018-19 at 2.060 billion bu., down 3.3% from year-ago.

 

 

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