Soybean & Wheat Export Inspections Match Expectations

January 7, 2013 04:08 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Jan. 3, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended Jan. 3, 2013

Corn

Actual (million bu.)

7.171

Expectations (million bu.)

8-14

Comments:

Inspections were down 835,000 bu. from the previous week's tally and below expectations. Inspections are running 54.8% behind year-ago compared to 53.4% 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.)

13.363

Expectations (million bu.)

9-15

Comments:

Inspections were 5.6 million bu. above last week's tally and within expectations. The cumulative inspections pace improved marginally from last week and is now running 13.0% below year-ago, compared to 13.5% behind last week. USDA's export forecast for the 2012-13 marketing year is at 1.050 billion bu., steady with the previous marketing year.

Soybeans

Actual (million bu.)

39.652

Expectations (million bu.)

38-45

Comments:

Export inspections were up 3.761 million bu. from last week's tally and within expectations. Inspections for the new marketing year are running 35.9% ahead of year-ago, compared to 36.7% 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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