Notable decline in weekly corn inspectons
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. |