Weekly Export Inspections As Expected

Posted on 02/04/2019 10:18 AM

USDA’s Weekly Grain Export Inspections

Week Ended Jan. 31, 2018

Corn

Actual (MT)

901,214

Expectations (MT)

800,000-1,100,000

Comments

Inspections were down 67,371 MT from the week prior, and were just above the top end of the pre-report range of estimates.  Inspections are running 50.9% ahead of year-ago, versus 55.8% ahead of year-ago last week. USDA's 2018-19 export forecast of 2.450 billion bu. is up 0.5% from the previous marketing year.

Wheat

Actual (MT)

440,031

Expectations (MT)

400,000-600,000

Comments

Export inspections were up 72,427 MT from last week and the tally was below the bottom end of expectations. Inspections are running 10.9% behind the 2017-18 marketing year, versus 11.3% behind last week. USDA projects exports in 2018-19 at 1.000 billion bu., up 11.0% from the previous marketing year.

Soybeans

Actual (MT)

975,775

Expectations (MT)

800,000-1,100,000

Comments

Export inspections were up 32,295 MT from last week and at the top end of the range of pre-report expectations. Inspections for 2018-19 are running 32.8% behind year-ago, compared with 38.8% behind last week. USDA projects exports in 2018-19 at 1.900 billion bu., down 10.8% from year-ago.

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