Corn Inspections Above Expectations, Soybeans Below

December 5, 2011 04:07 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Dec. 1:

 

 

USDA Weekly Grain Export Inspections
Week Ended Dec. 1

Corn

Actual (million bu.)

38.546

Expectations (million bu.)

29-34

Comments:

Inspections were above expectations and about 2.5 million bu. above last week's tally. Inspections are running 10.2% behind year-ago, compared to 15.2% behind last week. USDA's 2011-12 export forecast is at 12.8% below the previous marketing year at 1.6 billion bushels.

Wheat

Actual (million bu.)

14.497

Expectations (million bu.)

14-19

Comments:

Inspections were within expectations and about 2 million bu. below last week's tally. Inspections are running 7.3% below year-ago, compared to 6.5% below last week. USDA's export forecast for the 2011-12 marketing year is 975 million bu., down 24% from the previous marketing year.

Soybeans

Actual (million bu.)

31.649

Expectations (million bu.)

40-45

Comments:

Inspections were below expectations and about 10 million bu. below last week's tally. Inspections for the new marketing year are running 33% below year-ago, compared to 32.9% below last week. USDA's 2011-12 export forecast is at 1.375 billion bu., down 8.3% from year-ago.

Link to USDA report.

 

 

 

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