Following are highlights of the Weekly Grain Export Inspections Report for the week ended Dec. 1:
USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (million bu.) | 38.546 |
Expectations (million bu.) | 29-34 |
Comments: | Inspections were above expectations and about 2.5 million bu. above last week’s tally. Inspections are running 10.2% behind year-ago, compared to 15.2% behind last week. USDA’s 2011-12 export forecast is at 12.8% below the previous marketing year at 1.6 billion bushels. |
Wheat | |
Actual (million bu.) | 14.497 |
Expectations (million bu.) | 14-19 |
Comments: | Inspections were within expectations and about 2 million bu. below last week’s tally. Inspections are running 7.3% below year-ago, compared to 6.5% below last week. USDA’s export forecast for the 2011-12 marketing year is 975 million bu., down 24% from the previous marketing year. |
Soybeans | |
Actual (million bu.) | 31.649 |
Expectations (million bu.) | 40-45 |
Comments: | Inspections were below expectations and about 10 million bu. below last week’s tally. Inspections for the new marketing year are running 33% below year-ago, compared to 32.9% below last week. USDA’s 2011-12 export forecast is at 1.375 billion bu., down 8.3% from year-ago. |
