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Corn Export Inspections Match Expectations; Soybeans Disappoint

April 23, 2012
By: Meghan Pedersen, Pro Farmer Associate Editor
 
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended April 19, 2012:

 

 

 

USDA Weekly Grain Export Inspections
Week Ended April 19, 2012

Corn

Actual (million bu.)

29.386

Expectations (million bu.)

28-34

Comments:

Inspections were within expectations and about 14 million bu. below last week's tally. Inspections are running 6.2% behind of year-ago, compared to 5.7% 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.)

24.391

Expectations (million bu.)

16-22

Comments:

Inspections were above expectations and about 1.8 million bu. below last week's tally. Inspections are running 18.1% below year-ago, compared to 18.2% below last week. USDA's export forecast for the 2011-12 marketing year is 1 billion bu., down 22.4% from the previous marketing year.

Soybeans

Actual (million bu.)

12.005

Expectations (million bu.)

19-25

Comments:

Inspections were well below expectations and 6.857 million bu. below last week's tally. Inspections for the new marketing year are running 20.6% below year-ago, compared to 20.9% below last week. USDA's 2011-12 export forecast is at 1.29 billion bu., down 14.1% from year-ago.

Link to USDA report.

 

 

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RELATED TOPICS: Cotton

 
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