The following are highlights of the Grain Export Inspections Report for the week ended Nov. 14, 2013.
USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (million bu.) | 30.760 |
Expectations (million bu.) | 14-25 |
Comments: | Inspections rose 13.6 million bu. from last week and were above pre-report expectations. Inspections are running 39.5% ahead of year-ago compared to 32.8% 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.) | 18.113 |
Expectations (million bu.) | 6-15 |
Comments: | Inspections rose 5.6 million bu. from last week and were above expectations. Inspections for 2013-14 are running 43.4% ahead of year-ago, compared to 42.9% 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.) | 87.809 |
Expectations (million bu.) | 60-87 |
Comments: | Export inspections rise 5.2 million bu. from last week and topped lofty expectations. Inspections for the 2013-14 marketing year are running marginally ahead of year-ago compared to 4.1% behind the week prior. USDA’s 2013-14 export forecast is at 1.450 billion bu., up 9.8% from year-ago. |
