Corn Export Inspections Impress, Wheat & Beans Match Expectations

August 5, 2013 05:47 AM
 


 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Aug. 1, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended Aug. 1, 2013

Corn

Actual (million bu.)

15,120

Expectations (million bu.)

8-14

Comments:

Inspections rose 3,665 million bu. from last week and they topped traders' expectations. Inspections are running 55% behind year-ago, compared to 55.5% 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.)

25,464

Expectations (million bu.)

22-28

Comments:

Inspections fell 23 million bu. from last week but the tally was within traders' expectations. Inspections for 2013-14 are running 25.9% ahead of year-ago, compared to 26.7% 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.)

1.3

Expectations (million bu.)

0.5-3.5

Comments:

Export inspections were up 11 million bu. from last week and within expectations. Inspections for the 2012-13 marketing year are running 0.3% ahead of year-ago, compared to 1.2% 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.

 

 

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