Corn Export Inspections Fall Short of Expectations

November 13, 2012 04:10 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Nov. 8, 2012:

 

USDA Weekly Grain Export Inspections
Week Ended Nov. 8, 2012

Corn

Actual (million bu.)

9.463

Expectations (million bu.)

12-20

Comments:

Inspections were down nearly 6 million bu. from last week's tally and below expectations. Inspections are running 41.6% behind year-ago compared to 36.9% behind last week. USDA's 2012-13 export forecast is at 25.5% below the previous marketing year at 1.150 billion bushels.

Wheat

Actual (million bu.)

10.458

Expectations (million bu.)

10-15

Comments:

Inspections were down 3.579 million bu. from last week's tally and within expectations. Inspections are running 12.6% below year-ago, compared to 12.4% behind last week. USDA's export forecast for the 2012-13 marketing year is at 1.100 billion bu., up 4.8% from the previous marketing year.

Soybeans

Actual (million bu.)

64.605

Expectations (million bu.)

52-60

Comments:

Export inspections were up around 4 million bu. from last week's tally and above expectations. Inspections for the new marketing year are running 38.2% ahead of year-ago, compared to 42.1% ahead last week. USDA's 2012-13 export forecast is at 1.345 billion bu., down 1.2% from year-ago.

Link to USDA report.

 

 

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