Corn and Soybean Export Inspections Match Expectations

June 3, 2013 05:10 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended May 30, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended May 30, 2013

Corn

Actual (million bu.)

11.660

Expectations (million bu.)

9-13

Comments:

Inspections were down 767,000 bu. from last week's tally and within expectations. Inspections are running 55.8% behind year-ago compared to 55.8% behind last week. USDA's 2012-13 export forecast is at 51.4% below the previous marketing year at 750 million bushels.

Wheat

Actual (million bu.)

16.799

Expectations (million bu.)

17-22

Comments:

Inspections were down 4.425 million bu. from last week's tally and just below traders' expectations. The cumulative inspections pace is now running 3.4% behind year-ago, compared to 3.0% behind last week. USDA's export forecast for the 2012-13 marketing year is at 1.381 billion bu., up 16.8% from the previous marketing year.

Soybeans

Actual (million bu.)

4.440

Expectations (million bu.)

1-5

Comments:

Export inspections were up nearly 1 million bu. from last week's tally and within expectations. Inspections for the 2012-13 marketing year are running 8.7% ahead of year-ago, compared to 9.9% ahead last week. USDA's 2012-13 export forecast is at 1.350 billion bu., down 0.9% from year-ago.

Link to USDA report.

 

 

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