Soybean Inspections Above Expectations

January 17, 2012 04:19 AM
 

Following are highlights of the Weekly Grain Export Inspections Report for the week ended Jan. 12:

 

 

 

USDA Weekly Grain Export Inspections
Week Ended Jan. 12

Corn

Actual (million bu.)

30.055

Expectations (million bu.)

30-35

Comments:

Inspections were within expectations and about 4.0 million bu. below last week's tally. Inspections are running 2.0% behind year-ago, compared to 3.2% behind last week. USDA's 2011-12 export forecast is at 10.1% below the previous marketing year at 1.65 billion bushels.

Wheat

Actual (million bu.)

13.430

Expectations (million bu.)

14-19

Comments:

Inspections were below expectations and about 2.6 million bu. below last week's tally. Inspections are running 12.1% below year-ago, compared to 11.0% below last week. USDA's export forecast for the 2011-12 marketing year is 950 million bu., down 26.3% from the previous marketing year.

Soybeans

Actual (million bu.)

40.909

Expectations (million bu.)

26-31

Comments:

Inspections were were above expectations, but about 8.2 million bu. above last week's tally. Inspections for the new marketing year are running 28.2% below year-ago, compared to 28.9% below last week. USDA's 2011-12 export forecast is at 1.275 billion bu., down 15.1% from year-ago.

Link to USDA report.

 

 

 

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