The following are highlights of the Grain Export Inspections Report for the week ended Dec. 5, 2013.
USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (million bu.) | 40.246 |
Expectations (million bu.) | 28-32 |
Comments: | Inspections rose nearly 4.2 million bu. from last week and topped pre-report expectations. Inspections are running 66.2% ahead of year-ago compared to 53.2% ahead the week prior. USDA’s 2013-14 export forecast of 1.400 billion bu. is 91.5% above the previous marketing year. |
Wheat | |
Actual (million bu.) | 19.760 |
Expectations (million bu.) | 11-15 |
Comments: | Inspections rose 4.245 million bu. from last week and topped expectations. Inspections for 2013-14 are running 42.7% ahead of year-ago, compared to 42.8% 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.) | 60.430 |
Expectations (million bu.) | 48-55 |
Comments: | Export inspections rose around 5.5 million bu. from last week and topped expectations. Inspections for the 2013-14 marketing year are running 7.5% ahead of year-ago compared to 5.5% ahead the week prior. USDA’s 2013-14 export forecast is at 1.450 billion bu., up 9.8% from year-ago. |
