Soybean Inspections Best Expectations

Posted on 08/07/2017 11:11 AM

 

USDA Weekly Grain Export Inspections
Week Ended August 3, 2017
Corn
Actual (MT) 979,006
Expectations (MT)

700,000-1,050,000

Comments:

Inspections were down slightly from the previous week, but the tally was at the upper end of expectations. Inspections for 2016-17 are up 29.1% from year-ago, compared to 31.4% ahead the previous week. USDA's 2016-17 export forecast of 2.225 billion bu. is up 17.0% above the previous marketing year.

Wheat
Actual (MT) 586,149
Expectations (MT) 400,000-625,000
Comments:

Inspections rose slightly from the week prior and the figure was within expectations. Inspections are running 16.8% ahead of year-ago early in the marketing year versus 15.0% ahead last week. USDA's export forecast for 2017-18 is at 975 million bu., down 7.6% from the previous marketing year.

Soybeans
Actual (MT) 685,697
Expectations (MMT) 250,000-550,000
Comments: Export inspections were up 209,500 MT from the previous week, and exceeded expectations. Inspections for 2016-17 are running 17.0% ahead of year-ago, compared to 16.2% ahead the previous week. USDA's 2016-17 export forecast is at 2.100 billion bu., up 8.1% from year-ago.

 

 

 

 

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