Corn Export Inspections Soar

Posted on 03/09/2017 10:22 AM
USDA Weekly Grain Export Inspections
Week Ended June 9, 2016
Corn
Actual (MT) 1,696,990
Expectations (MT) 900,000-1,100,000
Comments: Inspections were up 629,404 MT from last week and the tally was well above expectations. Inspections for 2015-16 are running 7.7% behind year-ago compared to 9.7% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.825 billion bu. is down 2.1% from the previous marketing year.
Wheat
Actual (MT) 363,803
Expectations (MT) 250,000-450,000
Comments: Inspections were down 27,404 MT from the previous week and within expectations. Inspections for 2016-17 are running 7.2% ahead of year-ago compared to 40.8% ahead last week. USDA's export forecast for 2016-17 is at 900 million bu., up 16.1% from the previous marketing year.
Soybeans
Actual (MT) 136,506
Expectations (MMT) 100,000-250,000
Comments: Export inspections were up 38,128 MT from the previous week and matched expectations. Inspections for the 2015-16 marketing year are running 7.9% behind year-ago versus 7.8% behind last week. USDA's 2015-16 export forecast is at 1.760 billion bu., down 4.5% from year-ago.

 


 

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