No Major Surprises in Export Inspections Report

Posted on 11/27/2017 10:07 AM

USDA Weekly Grain Export Inspections
Week Ended Nov. 23, 2017

Corn

Actual (MT)

638,711

Expectations (MT)

550,000-750,000

Comments:

Inspections slipped 21,050 MT from the previous week and were within expectations. Inspections are running 42.3% behind year-ago versus 43.9% behind the week prior. USDA's 2017-18 export forecast of 1.925 billion bu. is down 16.0% from the previous marketing year.

Wheat

Actual (MT)

344,721

Expectations (MT)

200,000-400,000

Comments:

Inspections were up 84,417 MT from the previous week, and the tally was within expectations. Inspections are running 5.9% behind year-ago versus 6.8% behind year-ago last week. USDA's export forecast for 2017-18 is at 1.0 billion bu., down 5.2% from the previous marketing year.

Soybeans

Actual (MT)

1,578,592

Expectations (MMT)

1,500,000-1,800,000

Comments:

Export inspections fell 696,920 MT from last week, and shipments were near the low end of expectations. Inspections for 2017-18 are running 13.5% behind year-ago versus 12.5% ahead of year-ago last week. USDA's 2017-18 export forecast is at 2.250 billion bu., up 3.5% from year-ago.

 

 

 

 

Add new comment