Soybean and Wheat Export Inspections Top Expectations

April 28, 2014 05:21 AM
 

Following are highlights of the Grain Export Inspections Report for the week ended April 24, 2014.

USDA Weekly Grain Export Inspections
Week Ended April 24, 2014

Corn

Actual (MT)

1,156,332

Expectations (MT)

1,400,000 - 1,650,000

Comments:

Inspections were down 476,848 MT from last week and they fell short of pre-report expectations. Inspections are running 128.5% ahead of year-ago compared to 124.2% 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)

631,021

Expectations (MT)

450,000 - 625,000

Comments:

Inspections were up 122,893 MT from the week prior and the tally was expectations. Inspections for 2013-14 are running 15.6% ahead of year-ago, compared to 17.0% 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)

254,299

Expectations (MT)

100,000 - 200,000

Comments:

Export inspections were up 100,336 MT from last week and above expectations. Inspections for the 2013-14 marketing year are running 21.9% ahead of year-ago compared to 22.0% 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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