Weekly Grain and Soybean Shipments Match Expectations

03:20PM Mar 14, 2016
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USDA Weekly Grain Export Inspections
Week Ended March 10, 2016
Corn
Actual (MT) 804,499
Expectations (MT) 750,000-900,000
Comments: Inspections were down 166,058 MT from last week and the tally matched expectations. Inspections for 2015-16 are running 19.3% behind year-ago compared to 20.5% behind year-ago the week prior. USDA's 2015-16 export forecast of 1.650 billion bu. is down 11.5% from the previous marketing year.
Wheat
Actual (MT) 406,577
Expectations (MT) 300,000-450,000
Comments: Inspections were down 42,449 MT from the previous week and the tally was within expectations. Inspections for 2015-16 are running 12.5% behind year-ago compared to 12.3% behind last week. USDA's export forecast for 2015-16 is at 775 million bu., down 9.3% from the previous marketing year.
Soybeans
Actual (MT) 715,186
Expectations (MMT) 650,000-1,000,000
Comments: Export inspections were down 379,393 MT from the previous week and shipments matched expectations. Inspections for the 2015-16 marketing year are running 6.6% behind year-ago versus 7.1% behind last week. USDA's 2015-16 export forecast is at 1.690 billion bu., down 8.3% from year-ago.