Corn Export Inspections Impress, Soybeans Slow As Expected

April 21, 2014 05:17 AM
 

Following are highlights of the Grain Export Inspections Report for the week ended April 17, 2014.

USDA Weekly Grain Export Inspections
Week Ended April 17, 2014

Corn

Actual (MT)

1,599,228

Expectations (MT)

1,050,000 - 1,550,000

Comments:

Inspections were up 119,388 MT from last week and they topped pre-report expectations. Inspections are running 124.2% ahead of year-ago compared to 116.5% ahead the week prior. USDA's 2013-14 export forecast of 1.750 billion bu. is 139.4% above the previous marketing year.

Wheat

Actual (MT)

495,250

Expectations (MT)

500,000 - 700,000

Comments:

Inspections were down 216,977 MT from the week prior and the tally was just shy of expectations. Inspections for 2013-14 are running 17.0% ahead of year-ago, compared to 18.4% ahead last week. USDA's export forecast for the 2013-14 marketing year is at 1.175 billion bu., up 16.7% from the previous marketing year.

Soybeans

Actual (MT)

138,777

Expectations (MT)

135,000 - 350,000

Comments:

Export inspections were down 129,652 MT from last week and within expectations. Inspections for the 2013-14 marketing year are running 22.0% ahead of year-ago compared to 22.1% ahead the week prior. USDA's 2013-14 export forecast is at 1.580 billion bu., up 19.7% from year-ago.

Link to USDA report.

  

 

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