Soybean Export Inspections Fall Short of Expectations

May 21, 2012 04:58 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended May 17, 2012:

 

 

USDA Weekly Grain Export Inspections
Week Ended May 17, 2012

Corn

Actual (million bu.)

23.263

Expectations (million bu.)

23-28

Comments:

Inspections met expectations and were about 4.4 million bu. below last week's tally. Inspections are running 8.3% behind of year-ago, compared to 7.6% 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.)

24.893

Expectations (million bu.)

20-24

Comments:

Inspections were just above expectations and 3.111 million bu. below last week's tally. Inspections are running 19.2% below year-ago, compared to 19.1% below last week. USDA's export forecast for the 2011-12 marketing year is at 1.025 billion bu., down 20.5% from the previous marketing year.

Soybeans

Actual (million bu.)

12.684

Expectations (million bu.)

15-20

Comments:

Export inspections were below expectations. Inspections were 7.856 million bu. below last week's tally. Inspections for the new marketing year are running 18.0% below year-ago, compared to 18.4% below last week. USDA's 2011-12 export forecast is at 1.315 billion bu., down 12.4% from year-ago.

Link to USDA report.

 

 

Back to news


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