Corn and Wheat Export Inspections Top Expectations

March 3, 2014 04:11 AM
 

The following are highlights of the Grain Export Inspections Report for the week ended Feb. 27, 2014.

USDA Weekly Grain Export Inspections
Week Ended Feb. 27, 2014

Corn

Actual (MT)

1,055,300

Expectations (MT)

625,000 - 775,000

Comments:

Inspections were up nearly 240,000 MT from last week and well above pre-report expectations. Inspections are running 94.5% ahead of year-ago compared to 91.5% ahead the week prior. USDA's 2013-14 export forecast of 1.600 billion bu. is 118.9% above the previous marketing year.

Wheat

Actual (MT)

609,867

Expectations (MT)

300,000 - 425,000

Comments:

Inspections were up 127,437 MT from the week prior and the tally topped expectations. Inspections for 2013-14 are running 26.9% ahead of year-ago, compared to 28.0% 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.

Soybeans

Actual (MT)

984,181

Expectations (MT)

1 million - 1.2 million

Comments:

Export inspections down 328,498 MT from last week but the tally was just shy of expectations. Inspections for the 2013-14 marketing year are running 18.2% ahead of year-ago compared to 19.2% 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


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

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!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close