Corn & Wheat Export Inspections Top Expectations

April 1, 2013 06:59 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended March 28, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended March 28, 2013

Corn

Actual (million bu.)

19.139

Expectations (million bu.)

14-19

Comments:

Inspections were up around 1.9 million bu. from last week's tally and just above expectations. Inspections are running 54.8% behind year-ago compared to 55.3% behind last week. USDA's 2012-13 export forecast is at 46.5% below the previous marketing year at 825 million bushels.

Wheat

Actual (million bu.)

25.736

Expectations (million bu.)

18-25

Comments:

Inspections were up nearly 5 million bu. from last week's tally and above traders' expectations. The cumulative inspections pace improved from last week and is now running 4.3% below year-ago, compared to 5.6% behind last week. USDA's export forecast for the 2012-13 marketing year is at 1.025 billion bu., down 2.4% from the previous marketing year.

Soybeans

Actual (million bu.)

16.300

Expectations (million bu.)

12-19

Comments:

Export inspections were down 2.158 million bu. from last week and matched expectations. Inspections for the 2012-13 marketing year are running 19.4% ahead of year-ago, compared to 21.3% ahead last week. USDA's 2012-13 export forecast is at 1.345 billion bu., down 1.2% from year-ago.

Link to USDA report.

 

 

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