Corn & Soybean Export Inspections Top Expectations

October 29, 2012 05:10 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Oct. 25, 2012:

 

 

USDA Weekly Grain Export Inspections
Week Ended Oct. 25, 2012

Corn

Actual (million bu.)

15.516

Expectations (million bu.)

8-15

Comments:

Inspections were up about 5 million bu. from last week's tally and above expecations. Inspections are running 36.6% behind year-ago compared to 34.9% 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.)

9.700

Expectations (million bu.)

12-17

Comments:

Inspections were down 6.754 million bu. from last week's tally and below expectations. Inspections are running 12.8% below year-ago, compared to 10.9% behind last week. USDA's export forecast for the 2012-13 marketing year is at 1.150 billion bu., up 9.5% from the previous marketing year.

Soybeans

Actual (million bu.)

63.358

Expectations (million bu.)

40-60

Comments:

Export inspections were down 1.817 million bu. from last week's tally but above expectations. Inspections for the new marketing year are running 48.7% ahead of year-ago, compared to 34.6% ahead last week. USDA's 2012-13 export forecast is at 1.265 billion bu., down 7.0% from year-ago.

Link to USDA report.

 

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close