Weekly corn inspections continue to prove steady
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USDA’s Weekly Grain Export Inspections Week Ended March 7, 2024 |
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Corn |
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Actual (MT) |
1,121,912 |
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Expectations (MT) |
685,000-1,250,000 |
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Comments |
Export inspections are down 24,170 MT from last week’s tally. Inspections are running 33.3% ahead of a year ago, compared to 34.5% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
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Wheat |
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Actual (MT) |
402,874 |
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Expectations (MT) |
300,000-500,000 |
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Comments |
Export inspections are up 44,576 MT from the previous week’s figure. Shipments are running 15.9% behind a year-ago, compared to 17.2% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
706,334 |
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Expectations (MT) |
500,000-1,150,000 |
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Comments |
Export inspections are down 454,058 MT from last week’s tally. Inspections are running 19.9% behind a year ago, compared to 20.0% behind last week. USDA’s 2023-24 export forecast of 1.720 billion bu., which is 13.7% below 2022-23. |
