Soybean & Wheat Export Inspections Top Expectations

January 22, 2013 04:11 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Jan. 17, 2013:

 

USDA Weekly Grain Export Inspections
Week Ended Jan. 17, 2013

Corn

Actual (million bu.)

10.959

Expectations (million bu.)

7-15

Comments:

Inspections were up about 1.4 million bu. from last week's tally and within expectations. Inspections are running 56.3% behind year-ago compared to 55.4% behind last week. USDA's 2012-13 export forecast is at 38.4% below the previous marketing year at 950 million bushels.

Wheat

Actual (million bu.)

21.857

Expectations (million bu.)

13-19

Comments:

Inspections were up 11.175 million bu. from last week's tally and above expectations. The cumulative inspections pace improved marginally from last week and is now running 12.1% below year-ago, compared to 13.1% 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.)

48.075

Expectations (million bu.)

34-44

Comments:

Export inspections were up nearly 6.75 million bu. from last week's tally and above expectations. Inspections for the new marketing year are running 34.3% ahead of year-ago, compared to 33.7% 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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