Following are highlights of the Weekly Grain Export Inspections Report for the week ended July 5, 2012:
USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (million bu.) | 22.845 |
Expectations (million bu.) | 19-25 |
Comments: | Inspections met expectations, but they and they were 507,000 bu. above last week’s tally. Inspections are running 11.6% behind year-ago, compared to 11.1% behind last week. USDA’s 2011-12 export forecast is at 10.1% below the previous marketing year at 1.650 billion bushels. |
Wheat | |
Actual (million bu.) | 14.898 |
Expectations (million bu.) | 17-23 |
Comments: | Inspections fell short of expectations and were nearly 7.8 million bu. below last week’s tally. Inspections are running 19.5% below year-ago, compared to 18.5% behind last week. USDA’s export forecast for the 2012-13 marketing year is at 1.150 billion bu., up 9.0% from the previous marketing year. |
Soybeans | |
Actual (million bu.) | 18.906 |
Expectations (million bu.) | 10-15 |
Comments: | Export inspections topped expectations and were 4.272 million bu. above last week’s tally. Inspections for the new marketing year are running 13.7% below year-ago, compared to 14.7% below last week. USDA’s 2011-12 export forecast is at 1.335 billion bu., down 11.1% from year-ago. |
