Weekly Grain Export Inspections Generally Disappointing

Posted on 12/02/2019 10:19 AM

USDA’s Weekly Grain Export Inspections

Week Ended Nov. 28, 2019

Corn

Actual (MT)

428,856

Expectations (MT)

500,000-700,000

Comments

Inspections slipped 187,112 from the week prior and shipments were below expectations. Commitments for 2019-20 are 57.6% behind last year at this point, which compares to 57.5% behind last year’s pace last week. USDA's 2019-20 export forecast of 1.850 billion bu. is 10.4% below the year prior.

Wheat

Actual (MT)

246,988

Expectations (MT)

400,000-600,000

Comments

Export inspections slipped 187,715 MT from last week’s tally and were below expectations. They are running 19.2% ahead of year-ago compared with 21.4% ahead of year-ago pace a week earlier. USDA projects exports in 2019-20 at 950 million bu., up 1.5% from the previous marketing year.

Soybeans

Actual (MT)

1,547,507

Expectations (MT)

1,400,000-2,000,000

Comments

Export inspections dropped 404,363 MT from week-ago levels and were within the range of pre-report estimates. Inspections for 2019-20 are running 20.2% ahead of year-ago early in the marketing year, which compares to 17.8% ahead last week. USDA forecasts exports in 2019-20 at 1.775 billion bu., up 1.5% from 2018-19.

 

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