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Soybean inspections top forecasts

10/15/2013 @ 10:52am

CHICAGO--Inspections of soybeans for export topped analysts' expectations while corn and wheat were below forecasts, according to the U.S. Department of Agriculture.

Government officials inspected 47.4 million bushels of soybeans for export to overseas buyers in the week that ended Oct. 10, the USDA's Federal Grain Inspection Service said in a report on Tuesday. That beats the 27 million to 43 million forecast by analysts surveyed by Dow Jones Newswires and the 30.6 million bushels inspected a week earlier.

Corn inspections totaled 21.7 million bushels, below the range of 23 million to 31 million expected by analysts and the 25.3 million last week. Inspections of wheat totaled 25.3 million bushels, below analysts' estimates ranging from 27.5 million to 35 million bushels and last week's 29.8 million bushels, the USDA said.

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(END) Dow Jones Newswires

October 15, 2013 11:42 ET (15:42 GMT)

DJ Soybean Export Inspections Top Forecasts; Corn, Wheat Below Expectations->copyright

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