Notable decline in weekly corn inspectons

USDA Weekly Export Inspections
USDA Weekly Export Inspections
(USDA)

 

USDA’s Weekly Grain Export Inspections

                                              Week Ended June 15, 2023             

Corn

Actual (MT)

877,310

Expectations (MT)

600,000-1,250,000

Comments

Export inspections are down 292,804 MT from last week’s tally. Inspections are running 30.7% behind a year-ago, compared to 30.9% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year.

Wheat

Actual (MT)

237,820

Expectations (MT)

150,000-400,000

Comments

Export inspections are down 10,138 MT from the previous week’s figure. Shipments are running 43.6% behind a year-ago, compared to 50.4% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year.

Soybeans

Actual (MT)

185,184

Expectations (MT)

100,000-300,000

Comments

Export inspections are up 37,612 MT from last week’s tally. Inspections are running 3.8% behind a year ago, compared to 3.3% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22.

 

 

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