Corn, Soybean Inspections Above Expectations

November 14, 2011 04:24 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Nov. 10:

 

USDA Weekly Grain Export Inspections
Week Ended Nov. 10

Corn

Actual (million bu.)

27.713

Expectations (million bu.)

20-25

Comments:

Inspections were above expectations and about 3.9 million bu. above last week's tally. Inspections are running 21.6% behind year-ago, compared to 23.1% 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.)

10.356

Expectations (million bu.)

12-17

Comments:

Inspections were below expectations and 3.386 million bu. below last week's tally. Inspections are running 4.4% below year-ago, compared to 4.0% 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.)

53.524

Expectations (million bu.)

40-45

Comments:

Inspections were above expectations and 1.794 million bu. above week's tally. Inspections for the new marketing year are running 33.2% below year-ago, compared to 34.6% 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.

 

 

 

Back to news


RELATED CONTENT

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close