Strong Wheat Shipments to Kick off August

Posted on 08/12/2019 10:07 AM

USDA’s Weekly Grain Export Inspections

Week Ended Aug. 8, 2019

Corn

Actual (MT)

703,183

Expectations (MT)

500,000-750,000

Comments

Inspections climbed 57,508 MT from the week prior and shipments were near the upper end of expectations. Commitments are now 15.6% behind year-ago versus 14.9% behind year-ago last week. USDA's 2018-19 export forecast of 2.100 billion bu. is down 13.9% from the previous marketing year.

Wheat

Actual (MT)

688,978

Expectations (MT)

350,000-550,000

Comments

Export inspections jumped 272,801 MT from last week and inspections were stronger than expected. Inspections are running 24.8% ahead of year-ago compared with 24.8% ahead of year-ago last week. USDA projects exports in 2019-20 at 950 million bu., up 1.5% from the previous marketing year.

Soybeans

Actual (MT)

944,238

Expectations (MT)

700,000-1,100,000

Comments

Export inspections slipped 88,636 MT from week-ago levels and inspections were in line with expectations. Inspections for 2018-19 are running 21.5% behind year-ago, compared with 22.5% behind last week. USDA projects exports in 2018-19 at 1.700 billion bu., down 20.3% from year-ago.

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