Corn, Wheat and Soybean Inspections Top Expectations

November 18, 2013 04:07 AM
 

 

 

The following are highlights of the Grain Export Inspections Report for the week ended Nov. 14, 2013.

 

USDA Weekly Grain Export Inspections
Week Ended Nov. 14, 2013

Corn

Actual (million bu.)

30.760

Expectations (million bu.)

14-25

Comments:

Inspections rose 13.6 million bu. from last week and were above pre-report expectations. Inspections are running 39.5% ahead of year-ago compared to 32.8% 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.)

18.113

Expectations (million bu.)

6-15

Comments:

Inspections rose 5.6 million bu. from last week and were above expectations. Inspections for 2013-14 are running 43.4% ahead of year-ago, compared to 42.9% 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.)

87.809

Expectations (million bu.)

60-87

Comments:

Export inspections rise 5.2 million bu. from last week and topped lofty expectations. Inspections for the 2013-14 marketing year are running marginally ahead of year-ago compared to 4.1% behind 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.

  

 

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