Corn Export Inspections Fall Short of Expectations

September 9, 2013 05:18 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Sept. 5, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended Sept. 5, 2013

Corn

Actual (million bu.)

9.827

Expectations (million bu.)

11-16

Comments:

Inspections were down nearly 8 million bu. from last week and below traders' expectations. Inspections are running 14.0% behind year-ago. USDA's 2013-14 export forecast of 1.225 billion bu. is 71.3% above the previous marketing year.

Wheat

Actual (million bu.)

31.589

Expectations (million bu.)

28.5-37

Comments:

Inspections were down 5.516 million bu. from last week and within traders' expectations. Inspections for 2013-14 are running 33.5% ahead of year-ago, compared to 31.8% 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.)

2.222

Expectations (million bu.)

1-3.5

Comments:

Export inspections were up 782,000 bu. from last week and within expectations. Inspections for the 2013-14 marketing year are running 87.4% behind year-ago. USDA's 2013-14 export forecast is at 1.385 billion bu., up 5.3% from year-ago.

Link to USDA report.

 

 

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