Weekly soybean inspections falter; corn, wheat steady
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USDA’s Weekly Grain Export Inspections Week Ended May 11, 2023 |
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Corn |
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Actual (MT) |
1,173,783 |
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Expectations (MT) |
700,000-1,200,000 |
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Comments |
Export inspections are up 199,333 MT from last week’s tally. Inspections are running 33.4% behind a year-ago, compared to 34.7% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
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Wheat |
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Actual (MT) |
242,269 |
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Expectations (MT) |
125,000-350,000 |
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Comments |
Export inspections are up 27,731 MT from the previous week’s figure. Shipments are running 3.4% behind a year-ago, compared with 3.0% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
147,897 |
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Expectations (MT) |
150,000-500,000 |
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Comments |
Export inspections are down 249,894 MT from last week’s tally. Inspections are running 1.1% behind a year ago, compared to 0.2% ahead last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |
