Wheat Export Inspections Top Expectations, Corn & Beans Come Within

August 26, 2013 05:08 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Aug. 22, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended Aug. 22, 2013

Corn

Actual (million bu.)

12.010

Expectations (million bu.)

6-13

Comments:

Inspections were up 4.846 million bu. from last week and within traders' expectations. Inspections are running 54.5% behind year-ago compared to 54.9% 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.)

31.192

Expectations (million bu.)

24-30

Comments:

Inspections were down nearly 2.6 million bu. from last week and above traders' expectations. Inspections for 2013-14 are running 30.6% ahead of year-ago, compared to 28.3% 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.)

2.461

Expectations (million bu.)

1-4.5

Comments:

Export inspections were down 2.834 million bu. from last week and within expectations. Inspections for the 2012-13 marketing year are running 2.9% behind year-ago, compared to 1.9% behind 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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