Corn Export Inspections Fall Short of Expectations, Wheat Holds Strong

July 22, 2013 05:11 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended July 18, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended July 18, 2013

Corn

Actual (million bu.)

8.867

Expectations (million bu.)

10-16

Comments:

Inspections down nearly 7.5 million bu. from last week and below traders' expectations. Inspections are running 55.7% behind year-ago, compared to 55.7% behind last week. USDA's 2012-13 export forecast of 700 million bu. is 56.2% below the previous marketing year.

Wheat

Actual (million bu.)

23.136

Expectations (million bu.)

23-29

Comments:

Inspections fell 1.323 million bu. from last week, but the tally was within traders' expectations. Inspections for 2013-14 are running 24.9% ahead of year-ago, compared to 17.6% ahead last week. USDA's export forecast for the 2013-14 marketing year is at 1.075 billion bu., up 6.5% from the previous marketing year.

Soybeans

Actual (million bu.)

2.847

Expectations (million bu.)

2-6

Comments:

Export inspections were down 837,000 bu. from last week and within expectations. Inspections for the 2012-13 marketing year are running 2.3% ahead of year-ago, compared to 3.3% ahead last week. USDA's 2012-13 export forecast is at 1.330 billion bu., down 2.3% 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