Grain and Soybean Export Inspections Match Expectations

March 24, 2014 05:14 AM
 

The following are highlights of the Grain Export Inspections Report for the week ended March 20, 2014.

USDA Weekly Grain Export Inspections
Week Ended March 20, 2014

Corn

Actual (MT)

1,142,722

Expectations (MT)

762,000 - 1,150,000

Comments:

Inspections were up 165,980 MT from last week and they met pre-report expectations. Inspections are running 101.0% ahead of year-ago compared to 98.7% 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)

524,857

Expectations (MT)

385,000 - 626,000

Comments:

Inspections were up 28,461 MT from the week prior and the tally met expectations. Inspections for 2013-14 are running 21.7% ahead of year-ago, compared to 22.6% 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)

732,132

Expectations (MT)

680,000 - 1,050,000

Comments:

Export inspections were down 218,753 MT from last week and the tally met expectations. Inspections for the 2013-14 marketing year are running 22.2% ahead of year-ago compared to 21.8% 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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