| USDA Weekly Grain Export Inspections Week Ended August 31, 2017 | |
| Corn | |
| Actual (MT) | 797,555 |
| Expectations (MT) | 650,000-850,000 |
| Comments: | Inspections are down 24,828 MT from the previous week and the tally was near the upper end of traders’ expectations. Inspections for 2016-17 are up 21.7% from year-ago, compared to 23.1% 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) | 252,465 |
| Expectations (MT) | 500,000-600,000 |
| Comments: | Inspections are down 422,635 MT from the previous week and much lighter than expected. Inspections are running 6.0% ahead of year-ago versus 12.4% 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) | 644,909 |
| Expectations (MMT) | 575,000-700,000 |
| Comments: | Export inspections are down 92,434 MT from the previous week, and within expectations. Inspections for 2016-17 are running 12.1% ahead of year-ago, compared to 13.0% ahead the previous week. USDA’s 2016-17 export forecast is at 2.150 billion bu., up 10.7% from year-ago. |
