Following are highlights of the Weekly Grain Export Inspections Report for the week ended April 5, 2012:
USDA Weekly Grain Export Inspections
Week Ended April 5, 2012
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Actual (million bu.)
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23.364
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Expectations (million bu.)
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28-34
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Comments:
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Inspections were below expectations and about 7.7 million bu. below last week's tally. Inspections are running 6.7% behind of year-ago, compared to 5.2% 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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17.605
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Expectations (million bu.)
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13-20
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Comments:
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Inspections were within expectations and 1.77 million bu. above last week's tally. Inspections are running 17.7% below year-ago, compared to 17.2% 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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26.396
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Expectations (million bu.)
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23-28
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Comments:
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Inspections were within expectations and about 3.1 million bu. below last week's tally. Inspections for the new marketing year are running 21.4% below year-ago, compared to 22.1% below last week. USDA's 2011-12 export forecast is at 1 billion bu., down 22.4% from year-ago.
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Link to USDA report.
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See Comments