Weekly soybean inspections miss pre-report estimates

USDA Weekly Export Inspections
USDA Weekly Export Inspections
(USDA)

 

USDA’s Weekly Grain Export Inspections

                                               Week Ended June 8, 2023               

Corn

Actual (MT)

1,169,134

Expectations (MT)

750,000-1,300,000

Comments

Export inspections are down 37,674 MT from last week’s tally. Inspections are running 30.9% behind a year-ago, compared to 31.7% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year.

Wheat

Actual (MT)

246,559

Expectations (MT)

200,000-425,000

Comments

Export inspections are down 57,841 MT from the previous week’s figure. Shipments are running 50.4% behind a year-ago, compared to 74.6% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year.

Soybeans

Actual (MT)

140,179

Expectations (MT)

175,000-400,000

Comments

Export inspections are down 82,126 MT from last week’s tally. Inspections are running 3.3% behind a year ago, compared to 2.5% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22.

 

 

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