Wheat Export Inspections Surge

August 19, 2013 05:10 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Aug. 15, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended Aug. 15, 2013

Corn

Actual (million bu.)

7.061

Expectations (million bu.)

11-16

Comments:

Inspections were down more than 8 million bu. from last week and below traders' expectations. Inspections are running 54.9% behind year-ago compared to 54.7% behind last week. USDA's 2012-13 export forecast of 715 million bu. is 53.7% below the previous marketing year.

Wheat

Actual (million bu.)

33.787

Expectations (million bu.)

20-27

Comments:

Inspections were up 9.442 million bu. from last week and well above traders' expectations. Inspections for 2013-14 are running 28.3% ahead of year-ago, compared to 26% 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.)

5.294

Expectations (million bu.)

1-3

Comments:

Export inspections were up 1.861 million bu. from last week and above expectations. Inspections for the 2012-13 marketing year are running 1.9% behind year-ago, compared to 0.6% ahead last week. USDA's 2012-13 export forecast is at 1.315 billion bu., down 3.7% from year-ago.

Link to USDA report.

 

 

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