Soybean Inspections Above Expectations

September 12, 2011 06:31 AM
 

  

USDA Weekly Grain Export Inspections
Week Ended Sept 8

Corn

Actual (million bu.)

16.542

Expectations (million bu.)

22-27

Comments:

Inspections were below expectations. Inspections for the new marketing year are running 65% below year-ago, compared to 74% behind last week . USDA's 2010-11 export forecast is at 1.65 billion bu., down 10.1% from year-ago levels.

Wheat

Actual (million bu.)

15.716

Expectations (million bu.)

18-23

Comments:

Inspections were below expectations. Inspections are running 6.0% ahead of year-ago, compared to 12.7% ahead last week. USDA's export forecast for the 2011-12 marketing year is 1.025 billion bu., down 20.5% from the previous marketing year.

Soybeans

Actual (million bu.)

11.757

Expectations (million bu.)

7-11

Comments:

Inspections were above expectations Inspections for the new marketing year are running 29.4% ahead of year-ago. USDA's 2010-11 export forecast is at 1.415 billion bu., down 5.4% from year-ago levels.

Link to USDA report.

 

 
 
 
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