Stronger-than-expected Soybean Export Inspections

Posted on 03/09/2017 10:25 AM

 

USDA Weekly Grain Export Inspections
Week Ended Jan. 14, 2015
Corn
Actual (MT) 581,479
Expectations (MT) 450,000-600,000
Comments: Inspections were up 31,173 MT from last week and the tally matched traders' expectations. Inspections for 2015-16 are running 20.6% behind year-ago compared to 20.5% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.700 billion bu. is down 8.8% from the previous marketing year.
Wheat
Actual (MT) 340,842
Expectations (MT) 300,000-450,000
Comments: Inspections were down 55,341 MT from the previous week and the tally was within expectations. Inspections for 2015-16 are running 10.5% behind year-ago compared to 11.0% behind last week. USDA's export forecast for 2015-16 is at 800 million bu., down 6.3% from the previous marketing year.
Soybeans
Actual (MT) 1,395,220
Expectations (MT) 1,000,000-1,300,000
Comments: Export inspections were up 150,219 MT from the previous week and shipments were stronger than traders expected. Inspections for the 2015-16 marketing year are running 11.1% behind year-ago versus 11.2% behind last week. USDA's 2015-16 export forecast is at 1.690 billion bu., down 8.3% from year-ago.

 

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