Corn & Wheat Export Inspections Match Expectations

September 30, 2013 05:12 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Sept. 26, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended Sept. 26, 2013

Corn

Actual (million bu.)

21.912

Expectations (million bu.)

17-23

Comments:

Inspections were down 3.926 million bu. from last week and within traders' expectations. Inspections are running 17.4% behind year-ago compared to 25.9% behind year-ago last week. USDA's 2013-14 export forecast of 1.225 billion bu. is 66.7% above the previous marketing year.

Wheat

Actual (million bu.)

32.973

Expectations (million bu.)

28-41

Comments:

Inspections declined just over 10 million bu. from last week and the tally met traders' expectations. Inspections for 2013-14 are running 39.5% ahead of year-ago, compared to 39.7% 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.)

14.288

Expectations (million bu.)

15-20

Comments:

Export inspections were down around 2.5 million bu. from last week and just below traders' expectations. Inspections for the 2013-14 marketing year are running 53.3% behind year-ago compared to 38.6% behind year-ago the week prior. USDA's 2013-14 export forecast is at 1.370 billion bu., up 4.2% from year-ago.

Link to USDA report.

 

 

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