Corn, Soybean & Wheat Export Inspections Impress

April 7, 2014 05:11 AM
 

Following are highlights of the Grain Export Inspections Report for the week ended April 3, 2014.

USDA Weekly Grain Export Inspections
Week Ended April 3, 2014

Corn

Actual (MT)

1,310,564

Expectations (MT)

1,000,000 - 1,250,000

Comments:

Inspections were down 24,465 MT from last week and they topped pre-report expectations. Inspections are running 110.8% ahead of year-ago compared to 104.0% ahead the week prior. USDA's 2013-14 export forecast of 1.625 billion bu. is 122.3% above the previous marketing year.

Wheat

Actual (MT)

606,038

Expectations (MT)

450,000 - 550,000

Comments:

Inspections were up nearly 100,000 MT from the week prior and the tally topped expectations. Inspections for 2013-14 are running 18.7% ahead of year-ago, compared to 20.1% ahead last week. USDA's export forecast for the 2013-14 marketing year is at 1.175 billion bu., up 16.7% from the previous marketing year.

Soybeans

Actual (MT)

509,603

Expectations (MT)

400,000 - 500,000

Comments:

Export inspections were up 2,070 MT from last week and just above expectations. Inspections for the 2013-14 marketing year are running 21.9% ahead of year-ago compared to 22.0% ahead the week prior. USDA's 2013-14 export forecast is at 1.530 billion bu., up 15.9% from year-ago.

Link to USDA report.

  

 

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