Corn Export Inspections Top Expectations

November 19, 2012 04:09 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Nov. 15, 2012:

 

USDA Weekly Grain Export Inspections
Week Ended Nov. 15, 2012

Corn

Actual (million bu.)

14.350

Expectations (million bu.)

8-13

Comments:

Inspections were up 4.887 million bu. from last week's tally and above expectations. Inspections are running 44.0% behind year-ago compared to 41.6% 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.)

11.102

Expectations (million bu.)

8-13

Comments:

Inspections were up 644,000 bu. from last week's tally and within expectations. Inspections are running 12.8% below year-ago, compared to 12.6% 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.)

61.992

Expectations (million bu.)

58-63

Comments:

Export inspections were down nearly 2.7 million bu. from last week's tally and within expectations. Inspections for the new marketing year are running 39.9% ahead of year-ago, compared to 38.2% 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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