Following are highlights of the Weekly Grain Export Inspections Report for the week ended Feb. 21, 2013:
USDA Weekly Grain Export Inspections
| |
Corn
| |
Actual (million bu.) | 11.567 |
Expectations (million bu.) | 35-40 |
Comments: | Inspections were up roughly 1.9 million bu. from week’s tally but well below expectations. Inspections are running 56.7% behind year-ago compared to 56.6% behind last week. USDA’s 2012-13 export forecast is at 41.7% below the previous marketing year at 900 million bushels. |
Wheat | |
Actual (million bu.) | 21.167 |
Expectations (million bu.) | 25-32 |
Comments: | Inspections were 2.551 million bu. below last week’s tally and below expectations. The cumulative inspections pace improved from last week and is now running 8.0% below year-ago, compared to 8.7% behind last week. USDA’s export forecast for the 2012-13 marketing year is at 1.050 billion bu., steady with the previous marketing year. |
Soybeans | |
Actual (million bu.) | 27.284 |
Expectations (million bu.) | 35-40 |
Comments: | Export inspections were down around 13.5 million bu. from last week’s tally and well below expectations. Inspections for the new marketing year are running 26.4% ahead of year-ago, compared to 29.1% ahead last week. USDA’s 2012-13 export forecast is at 1.345 billion bu., down 1.2% from year-ago. |
