Corn & Wheat Export Inspections Impress

September 3, 2013 05:07 AM
 

p align="left">Following are highlights of the Weekly Grain Export Inspections Report for the week ended Aug. 29, 2013:

 

 

USDA Weekly Grain Export Inspections
Week Ended Aug. 29, 2013

Corn

Actual (million bu.)

17.436

Expectations (million bu.)

9-15

Comments:

Inspections were up 5.377 million bu. from last week and above traders' expectations. Inspections are running 53.6% behind year-ago compared to 54.5% behind last week. USDA's 2012-13 export forecast of 715 million bu. is 53.7% below the previous marketing year.

Wheat

Actual (million bu.)

36.410

Expectations (million bu.)

20-32

Comments:

Inspections were up more than 5 million bu. from last week and well above traders' expectations. Inspections for 2013-14 are running 31.8% ahead of year-ago, compared to 30.6% ahead last week. USDA's export forecast for the 2013-14 marketing year is at 1.100 billion bu., up 9.2% from the previous marketing year.

Soybeans

Actual (million bu.)

1.422

Expectations (million bu.)

1-4.5

Comments:

Export inspections were down more than 1 million bu. from last week but within expectations. Inspections for the 2012-13 marketing year are running 3.9% behind year-ago, compared to 2.9% behind last week. USDA's 2012-13 export forecast is at 1.315 billion bu., down 3.7% from year-ago.

Link to USDA report.

 

 

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