Corn, Wheat Export Inspections Fall Short of Expectations

March 26, 2012 05:12 AM
 

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

 

 

 

USDA Weekly Grain Export Inspections
Week Ended March 22, 2012

Corn

Actual (million bu.)

22.216

Expectations (million bu.)

28-33

Comments:

Inspections were well below expectations and about 1 million bu. below last week's tally. Inspections are running 4.7% behind of year-ago, compared to 2.5% behind last week. USDA's 2011-12 export forecast is at 7.4% below the previous marketing year at 1.7 billion bushels.

Wheat

Actual (million bu.)

15.358

Expectations (million bu.)

23-28

Comments:

Inspections were below expectations and 5.865 million bu. below last week's tally. Inspections are running 16.2% below year-ago, compared to 15.2% below last week. USDA's export forecast for the 2011-12 marketing year is 975 million bu., down 24.4% from the previous marketing year.

Soybeans

Actual (million bu.)

24.913

Expectations (million bu.)

20-29

Comments:

Inspections were within expectations and about 1 million bu. above last week's tally. Inspections for the new marketing year are running 22.9% below year-ago, compared to 23.0% below last week. USDA's 2011-12 export forecast is at 1 billion bu., down 22.4% from year-ago.

Link to USDA report.

 

 

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