USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (million bu.) | 29.513 |
Expectations (million bu.) | 28-35 |
Comments: | Inspections were within expectations and about 7.6 million bu. below last week’s total. Inspections are running 4.3% behind year-ago, compared to 4.2% behind last week. USDA’s 2010-11 export forecast is at 1.825 billion bu., down 7.8% from year-ago levels. |
Wheat | |
Actual (million bu.) | 17.421 |
Expectations (million bu.) | 20-25 |
Comments: | Inspections were below expectations and about 4 million bu. below last week’s level. Inspections are running 18.1% ahead of year-ago, compared to 22.7% ahead last week. USDA’s export forecast for the 2011-12 marketing year is 1.10 billion bu., down 14.7% from the previous marketing year. |
Soybeans | |
Actual (million bu.) | 10.854 |
Expectations (million bu.) | 5-13 |
Comments: | Inspections were within expectations and about 4 million bu. above last week’s level. Inspections are running 2.1% ahead of year-ago, compared to 2.0% ahead last week. USDA’s 2010-11 export forecast is at 1.495 billion bu., down marginally from last season. |
