Soybean Export Inspections Top Expectations

Posted on 02/12/2018 10:26 AM

 

USDA’s Weekly Grain Export Inspections

Week Ended Feb. 8, 2018

Corn

Actual (MT)

835,131

Expectations (MT)

800,000-1,100,000

Comments

Inspections fell 258,110 MT from the previous week and shipments were near the lower end of expectations. Inspections are running 32.5% behind year-ago versus 32.6% behind the week prior. USDA's 2017-18 export forecast of 2.050 billion bu. is down 10.6% from the previous marketing year.

Wheat

Actual (MT)

487,902

Expectations (MT)

325,000-575,000

Comments

Inspections were up 58,300 MT from the previous week and shipments were within expectations. Inspections are running 4.0% behind year-ago versus 5.0% behind year-ago last week. USDA projects exports in 2017-18 at 950 million bu., down 10.0% from the previous marketing year.

Soybeans

Actual (MT)

1,319,038

Expectations (MT)

800,000-1,100,000

Comments

Export inspections climbed 15,070 MT from last week and the tally was stronger than expected. Inspections for 2017-18 are running 13.5% behind year-ago versus 14.3% behind year-ago last week. USDA projects exports in 2017-18 at 2.100 billion bu., down 3.4% from year-ago.

 

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