Encouraging Corn Export Inspections

Posted on 03/12/2018 10:36 AM

 

USDA’s Weekly Grain Export Inspections

Week Ended March 8, 2018

Corn

Actual (MT)

1,376,999

Expectations (MT)

900,000-1,200,000

Comments

Inspections surged 397,444 MT from the previous week and shipments fell short of expectations. Inspections are running 29.7% behind year-ago versus 30.9% behind the week prior. USDA's 2017-18 export forecast of 2.225 billion bu. is down 3.0% from the previous marketing year.

Wheat

Actual (MT)

389,358

Expectations (MT)

250,000-450,000

Comments

Inspections were down 11,579 MT from the previous week and shipments met expectations. Inspections are running 7.0% behind year-ago versus 6.6% behind year-ago last week. USDA projects exports in 2017-18 at 925 million bu., down 12.3% from the previous marketing year.

Soybeans

Actual (MT)

910,237

Expectations (MT)

700,000-1,000,000

Comments

Export inspections fell 103,515 MT from last week and the tally met expectations. Inspections for 2017-18 are running 11.9% behind year-ago versus 12.6% behind year-ago last week. USDA projects exports in 2017-18 at 2.065 billion bu., down 5.0% from year-ago.

 

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