Corn, Soybean & Wheat Inspections Within Expectations

March 5, 2012 04:17 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended March 1, 2012:

 

 

USDA Weekly Grain Export Inspections
Week Ended March 1

Corn

Actual (million bu.)

30.977

Expectations (million bu.)

30-34

Comments:

Inspections were within expectations and about 2.5 million bu. above last week's tally. Inspections are running 1.7% behind of year-ago, compared to 0.1% behind last week. USDA's 2011-12 export forecast is at 7.4% below the previous marketing year at 1.7 billion bushels.

Wheat

Actual (million bu.)

16.907

Expectations (million bu.)

14-18

Comments:

Inspections were within expectations and 6.692 million bu. above last week's tally. Inspections are running 16.0% below year-ago, compared to 16.0% below last week. USDA's export forecast for the 2011-12 marketing year is 975 million bu., down 24.4% from the previous marketing year.

Soybeans

Actual (million bu.)

32.552

Expectations (million bu.)

32-36

Comments:

Inspections were within expectations but about 6.9 million bu. below last week's tally. Inspections for the new marketing year are running 23.1% below year-ago, compared to 24.5% below last week. USDA's 2011-12 export forecast is at 1.275 billion bu., down 15.1% from year-ago.

Link to USDA report.

 

 

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