The following are highlights of the Grain Export Inspections Report for the week ended Nov. 21, 2013.
USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (million bu.) | 30.240 |
Expectations (million bu.) | 24-30 |
Comments: | Inspections declined 576,000 bu. from last week and topped pre-report expectations. Inspections are running 43.3% ahead of year-ago compared to 39.5% 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.) | 12.597 |
Expectations (million bu.) | 11-18 |
Comments: | Inspections fell roughly 5.5 million bu. from last week and met expectations. Inspections for 2013-14 are running 44.0% ahead of year-ago, compared to 43.4% 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.) | 66.934 |
Expectations (million bu.) | 70-90 |
Comments: | Export inspections fell nearly 21 million bu. from last week and came in below expectations. Inspections for the 2013-14 marketing year are running 5.9% ahead of year-ago compared to 0.1% ahead the week prior. USDA’s 2013-14 export forecast is at 1.450 billion bu., up 9.8% from year-ago. |
