Following are highlights of the Weekly Grain Export Inspections Report for the week ended Aug. 23, 2012:
USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (million bu.) | 14.458 |
Expectations (million bu.) | 19-26 |
Comments: | Inspections were around 7.5 million bu. below last week’s tally and below expecations. Inspections are running 15.8% behind year-ago, compared to 15.2% behind last week. USDA’s 2011-12 export forecast is at 15.5% below the previous marketing year at 1.550 billion bushels. |
Wheat | |
Actual (million bu.) | 18.884 |
Expectations (million bu.) | 18-24 |
Comments: | Inspections were 4.54 million bu. below last week’s tally and within expectations. Inspections are running 15.9% below year-ago, compared to 15.4% behind last week. USDA’s export forecast for the 2012-13 marketing year is at 1.200 billion bu., up 14.3% from the previous marketing year. |
Soybeans | |
Actual (million bu.) | 17.407 |
Expectations (million bu.) | 19-27 |
Comments: | Export inspections were 4.151 million bu. below last week’s tally and below expectations. Inspections for the new marketing year are running 8.9% below year-ago, compared to 9.5% below last week. USDA’s 2011-12 export forecast is at 1.350 billion bu., down 10.1% from year-ago. |
