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
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Actual (million bu.)
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29.386
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Expectations (million bu.)
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28-34
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Comments:
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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.
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Wheat
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Actual (million bu.)
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24.391
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Expectations (million bu.)
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16-22
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Comments:
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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. |
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Soybeans
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Actual (million bu.)
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12.005
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Expectations (million bu.)
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19-25
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Comments:
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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.
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Link to USDA report.
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See Comments
