Corn Inspections Top Expectations

June 17, 2013 05:07 AM

Following are highlights of the Weekly Grain Export Inspections Report for the week ended June 13, 2013:


USDA Weekly Grain Export Inspections
Week Ended June 13, 2013


Actual (million bu.)

14.144 million bu.

Expectations (million bu.)



Inspections were up around 7.7 million bu. from last week's tally and above expectations. Inspections are running 55.8% behind year-ago, compared to 56.0% behind last week. USDA's 2012-13 export forecast of 700 million bu. is 54.6% below the previous marketing year.


Actual (million bu.)

21.592 million bu.

Expectations (million bu.)



Inspections were down around 3.2 million bu. from last week's tally and within traders' expectations. The cumulative inspections pace for the 2013-14 marketing year is running 3.8% behind year-ago. USDA's export forecast for the 2013-14 marketing year is at 975 million bu., down 3.5% from the previous marketing year.


Actual (million bu.)

2.759 million bu.

Expectations (million bu.)



Export inspections were around 700,000 bu. below last week's tally but within traders' small expectations. Inspections for the 2012-13 marketing year are running 6.6% ahead of year-ago, compared to 7.4% 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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