Corn Export Inspections Within Expectations

November 26, 2012 04:11 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Nov. 22, 2012:

 

USDA Weekly Grain Export Inspections
Week Ended Nov. 22, 2012

Corn

Actual (million bu.)

15.920

Expectations (million bu.)

13-17

Comments:

Inspections were up 1.5 million bu. from last week's tally and within expectations. Inspections are running 45.2% behind year-ago compared to 44.0% 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.)

7.838

Expectations (million bu.)

10-15

Comments:

Inspections were down 3.6 million bu. from last week's tally and came in below expectations. Inspections are running 14.0% below year-ago, compared to 12.8% 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.)

45.498

Expectations (million bu.)

57-63

Comments:

Export inspections were down 21.4 million bu. from last week's tally and came in below expectations. Inspections for the new marketing year are running 37.8% 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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