Wheat inspections begin marketing-year with shaky start
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USDA’s Weekly Grain Export Inspections Week Ended June 1, 2023 |
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Corn |
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Actual (MT) |
1,180,954 |
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Expectations (MT) |
800,000-1,400,000 |
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Comments |
Export inspections are down 165,438 MT from last week’s tally. Inspections are running 31.7% behind a year-ago, compared to 32.2% 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) |
291,599 |
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Expectations (MT) |
200,000-450,000 |
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Comments |
Export inspections are down 99,693 MT from the previous week’s figure. Shipments are running 74.6% behind a year-ago. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
214,247 |
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Expectations (MT) |
150,000-400,000 |
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Comments |
Export inspections are down 28,819 MT from last week’s tally. Inspections are running 2.5% behind a year ago, compared to 2.2% behind last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |
