Corn & Soybean Export Inspections Impress

February 18, 2014 04:16 AM

The following are highlights of the Grain Export Inspections Report for the week ended Feb. 13, 2014.

Note: USDA now releases export inspections data in metric tons (MT) rather than million bushels.

USDA Weekly Grain Export Inspections
Week Ended Feb. 13, 2014


Actual (MT)


Expectations (MT)

545,000 - 675,000


Inspections were up 132,429 MT from last week and above pre-report expectations. Inspections are running 88.7% ahead of year-ago compared to 84.3% ahead the week prior. USDA's 2013-14 export forecast of 1.600 billion bu. is 118.9% above the previous marketing year.


Actual (MT)


Expectations (MT)

300,000 - 410,000


Inspections were up 191,517 MT from the week prior and the tally fell short of expectations. Inspections for 2013-14 are running 29.5% ahead of year-ago, compared to 32.8% 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.


Actual (MT)


Expectations (MT)

1,250,000 - 1,470,000


Export inspections fell 95,275 MT from last week but the tally topped expectations. Inspections for the 2013-14 marketing year are running 17.9% ahead of year-ago compared to 17.2% ahead the week prior. USDA's 2013-14 export forecast is at 1.510 billion bu., up 14.4% from year-ago.

Link to USDA report.



Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer