Soybean Export Inspections Top & Grain Inspections Match Expectations

January 27, 2014 04:12 AM
 

The following are highlights of the Grain Export Inspections Report for the week ended Jan. 23, 2014.

USDA Weekly Grain Export Inspections
Week Ended Jan. 23, 2014

Corn

Actual (million bu.)

28.701

Expectations (million bu.)

22-31

Comments:

Inspections were down 1.11 million bu. from last week and within pre-report expectations. Inspections are running 80.8% ahead of year-ago compared to 84.3% ahead the week prior. USDA's 2013-14 export forecast of 1.450 billion bu. is 98.4% above the previous marketing year.

Wheat

Actual (million bu.)

14.037

Expectations (million bu.)

14-19

Comments:

Inspections were down 1.52 million bu. from the week prior and the tally met expectations. Inspections for 2013-14 are running 36.6% ahead of year-ago, compared to 39.5% ahead last week. USDA's export forecast for the 2013-14 marketing year is at 1.125 billion bu., up 11.7% from the previous marketing year.

Soybeans

Actual (million bu.)

73.839

Expectations (million bu.)

47-65

Comments:

Export inspections surged 17.206 million bu. from last week and were well above expectations. Inspections for the 2013-14 marketing year are running 17.3% ahead of year-ago compared to 14.5% ahead the week prior. USDA's 2013-14 export forecast is at 1.495 billion bu., up 13.3% from year-ago.

Link to USDA report.

  

 

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