Wheat Export Inspections Top Expectations

June 10, 2013 05:23 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended June 6, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended June 6, 2013

Corn

Actual (million bu.)

6.365

Expectations (million bu.)

7-12

Comments:

Inspections were down nearly 5.3 million bu. from last week's tally and below expectations. Inspections are running 56.0% behind year-ago compared to 55.8% behind last week. USDA's 2012-13 export forecast is at 51.4% below the previous marketing year at 750 million bushels.

Wheat

Actual (million bu.)

24.370

Expectations (million bu.)

13-18

Comments:

Inspections were up 7.571 million bu. from last week's tally and above traders' expectations. The cumulative inspections pace for the new marketing year is running 12.0% behind year-ago. USDA's export forecast for the 2013-14 marketing year is at 925 million bu., down 9.8% from the previous marketing year.

Soybeans

Actual (million bu.)

3.059

Expectations (million bu.)

1-5

Comments:

Export inspections were down 1.432 million bu. from last week's tally but within expectations. Inspections for the 2012-13 marketing year are running 7.4% ahead of year-ago, compared to 8.7% ahead last week. USDA's 2012-13 export forecast is at 1.350 billion bu., down 0.9% from year-ago.

Link to USDA report.

 

 

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