Following are highlights of the Weekly Grain Export Inspections Report for the week ended March 8, 2012:
USDA Weekly Grain Export Inspections
Week Ended March 8, 2012
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Actual (million bu.)
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36.246
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Expectations (million bu.)
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30-35
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Comments:
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Inspections were above expectations and about 5.2 million bu. above last week's tally. Inspections are running 2.0% behind of year-ago, compared to 1.7% behind last week. USDA's 2011-12 export forecast is at 7.4% below the previous marketing year at 1.7 billion bushels.
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Wheat
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Actual (million bu.)
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31.597
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Expectations (million bu.)
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13-19
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Comments:
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Inspections were well above expectations and 14.206 million bu. above last week's tally. Inspections are running 15.1% 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. |
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Soybeans
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Actual (million bu.)
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26.247
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Expectations (million bu.)
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30-37
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Comments:
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Inspections were below expectations and 6.626 million bu. below last week's tally. Inspections for the new marketing year are running 23.1% below year-ago, compared to 23.1% below last week. USDA's 2011-12 export forecast is at 1.275 billion bu., down 15.1% from year-ago.
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Link to USDA report.
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See Comments
