Corn Export Inspections Fall Well Short of Expectations

September 4, 2012 05:14 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Aug. 30, 2012:

 

 

USDA Weekly Grain Export Inspections
Week Ended Aug. 30, 2012

Corn

Actual (million bu.)

6.370

Expectations (million bu.)

12-15

Comments:

Inspections were around 8.7 million bu. below last week's tally and well below expecations. Inspections are running 16.4% behind year-ago, compared to 15.8% behind last week. USDA's 2011-12 export forecast is at 15.5% below the previous marketing year at 1.550 billion bushels.

Wheat

Actual (million bu.)

25.446

Expectations (million bu.)

10-15

Comments:

Inspections were 6.558 million bu. above last week's tally and well above expectations. Inspections are running 13.9% below year-ago, compared to 15.9% behind last week. USDA's export forecast for the 2012-13 marketing year is at 1.200 billion bu., up 14.3% from the previous marketing year.

Soybeans

Actual (million bu.)

15.126

Expectations (million bu.)

10-15

Comments:

Export inspections were about 2.4 million bu. below last week's tally and just above expectations. Inspections for the new marketing year are running 8.3% below year-ago, compared to 8.9% below last week. USDA's 2011-12 export forecast is at 1.350 billion bu., down 10.1% from year-ago.

Link to USDA report.

 

 

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