Following are highlights of the Grain Export Inspections Report for the week ended March 27, 2014.
USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (MT) | 1,327,575 |
Expectations (MT) | 950,000 - 1,150,000 |
Comments: | Inspections were up 177,473 MT from last week and they topped pre-report expectations. Inspections are running 104.0% ahead of year-ago compared to 101.0% ahead the week prior. USDA’s 2013-14 export forecast of 1.625 billion bu. is 122.3% above the previous marketing year. |
Wheat | |
Actual (MT) | 492,577 |
Expectations (MT) | 450,000 - 550,000 |
Comments: | Inspections were down 59,528 MT from the week prior and the tally met expectations. Inspections for 2013-14 are running 20.1% ahead of year-ago, compared to 21.7% ahead last week. USDA’s export forecast for the 2013-14 marketing year is at 1.175 billion bu., up 16.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 506,039 |
Expectations (MT) | 525,000 - 675,000 |
Comments: | Export inspections were down roughly 230,500 MT from last week and fell short of expectations. Inspections for the 2013-14 marketing year are running 22.0% ahead of year-ago compared to 22.2% ahead the week prior. USDA’s 2013-14 export forecast is at 1.530 billion bu., up 15.9% from year-ago. |
