Solid Corn Shipments Continue

Posted on 04/16/2018 10:24 AM

 

USDA’s Weekly Grain Export Inspections

Week Ended April 12, 2018

Corn

Actual (MT)

1,504,697

Expectations (MT)

1,100,000-1,600,000

Comments

Inspections fell 435,397 MT from the previous week, but shipments were still near the upper end of expectations. Inspections are running 22.0% behind year-ago versus 23.4% 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)

483,058

Expectations (MT)

200,000-500,000

Comments

Inspections climbed 51,581 MT from the previous week and shipments were near the upper end of expectations. Inspections are running 10.0% behind year-ago versus 9.4% 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)

444,987

Expectations (MT)

300,000-600,000

Comments

Export inspections rose 63,796 MT from last week and the tally met expectations. Inspections for 2017-18 are running 12.3% behind year-ago versus 12.4% 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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