Corn Export Inspections Fall Short of Expectations

December 10, 2012 04:13 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Dec. 6, 2012:

 

USDA Weekly Grain Export Inspections
Week Ended Dec. 6, 2012

Corn

Actual (million bu.)

7.861

Expectations (million bu.)

12-17

Comments:

Inspections were down roughly 2.6 million bu. from last week's tally and below expectations. Inspections are running 50.4% behind year-ago compared to 48.1% 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.)

13.938

Expectations (million bu.)

12-17

Comments:

Inspections were down 710,000 bu. from last week's tally and within expectations. Inspections are running 13.6% below year-ago, compared to 13.6% 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.)

46.632

Expectations (million bu.)

45-52

Comments:

Export inspections were down 5.311 million bu. from last week's tally but in line with expectations. Inspections for the new marketing year are running 41.1% ahead of year-ago, compared to 39.9% 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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