Soybean Inspections Impress, Corn Disappoints

December 16, 2013 04:11 AM
 

The following are highlights of the Grain Export Inspections Report for the week ended Dec. 12, 2013.

 

USDA Weekly Grain Export Inspections
Week Ended Dec. 12, 2013

Corn

Actual (million bu.)

25.077

Expectations (million bu.)

33-38

Comments:

Inspections fell 15.384 million bu. from last week and fell short of pre-report expectations. Inspections are running 65.3% ahead of year-ago compared to 66.2% 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.)

17.589

Expectations (million bu.)

15-22

Comments:

Inspections fell roughly 2.2 million bu. from last week and met expectations. Inspections for 2013-14 are running 41.5% ahead of year-ago, compared to 42.7% 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.)

62.527

Expectations (million bu.)

50-60

Comments:

Export inspections rose around 2 million bu. from last week and topped expectations. Inspections for the 2013-14 marketing year are running 9.6% ahead of year-ago compared to 7.5% ahead the week prior. USDA's 2013-14 export forecast is at 1.475 billion bu., up 11.7% from year-ago.

Link to USDA report.

  

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close