Corn Export Inspections Impress, Soybean Inspections Disappoint

November 25, 2013 04:12 AM
 

The following are highlights of the Grain Export Inspections Report for the week ended Nov. 21, 2013.

 

USDA Weekly Grain Export Inspections
Week Ended Nov. 21, 2013

Corn

Actual (million bu.)

30.240

Expectations (million bu.)

24-30

Comments:

Inspections declined 576,000 bu. from last week and topped pre-report expectations. Inspections are running 43.3% ahead of year-ago compared to 39.5% ahead the week prior. USDA's 2013-14 export forecast of 1.400 billion bu. is 91.5% above the previous marketing year.

Wheat

Actual (million bu.)

12.597

Expectations (million bu.)

11-18

Comments:

Inspections fell roughly 5.5 million bu. from last week and met expectations. Inspections for 2013-14 are running 44.0% ahead of year-ago, compared to 43.4% 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.)

66.934

Expectations (million bu.)

70-90

Comments:

Export inspections fell nearly 21 million bu. from last week and came in below expectations. Inspections for the 2013-14 marketing year are running 5.9% ahead of year-ago compared to 0.1% ahead the week prior. USDA's 2013-14 export forecast is at 1.450 billion bu., up 9.8% 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