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

Corn

Actual (million bu.)

14.144 million bu.

Expectations (million bu.)

5-10

Comments:

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.

Wheat

Actual (million bu.)

21.592 million bu.

Expectations (million bu.)

20-26

Comments:

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.

Soybeans

Actual (million bu.)

2.759 million bu.

Expectations (million bu.)

1-5

Comments:

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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