The following are highlights of the Grain Export Inspections Report for the week ended March 13, 2014.
USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (MT) | 976,742 |
Expectations (MT) | 850,000 - 1,000,000 |
Comments: | Inspections were up 40,540 MT from last week and within pre-report expectations. Inspections are running 98.7% ahead of year-ago compared to 96.8% 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) | 496,396 |
Expectations (MT) | 420,000 - 540,000 |
Comments: | Inspections were up 57,722 MT from the week prior and the tally matched expectations. Inspections for 2013-14 are running 22.6% ahead of year-ago, compared to 24.0% 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) | 939,738 |
Expectations (MT) | 770,000 - 940,000 |
Comments: | Export inspections were down 147,550 MT from last week and the tally nearly aligned with the top of expectations. Inspections for the 2013-14 marketing year are running 21.8% ahead of year-ago compared to 21.2% ahead the week prior. USDA’s 2013-14 export forecast is at 1.530 billion bu., up 15.9% from year-ago. |
