Wheat Inspections Above Expectations

September 19, 2011 05:30 AM
 

 

 

USDA Weekly Grain Export Inspections
Week Ended Sept. 16

Corn

Actual (million bu.)

22.394

Expectations (million bu.)

23-32

Comments:

Inspections were below expectations. Inspections for the new marketing year are running 52.4% below year-ago, compared to 65% 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.)

33.334

Expectations (million bu.)

17-27

Comments:

Inspections were well above expectations. Inspections are running 6.0% ahead of year-ago, compared to 6.0% 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.)

10.007

Expectations (million bu.)

9-13

Comments:

Inspections were within expectations Inspections for the new marketing year are running 1.9% ahead of year-ago, compared to 29.4% ahead last week. 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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