Weekly wheat inspections fall short of pre-report estimates
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USDA’s Weekly Grain Export Inspections Week Ended August 10, 2023 |
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Corn |
|
|
Actual (MT) |
398,269 |
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Expectations (MT) |
275,000-500,000 |
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Comments |
Export inspections are up 10,296 MT from last week’s tally. Inspections are running 32.9% behind a year-ago, compared to 33.0% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
183,289 |
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Expectations (MT) |
275,000-550,000 |
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Comments |
Export inspections are down 109,675 MT from the previous week’s figure. Shipments are running 17.5% behind a year-ago, compared to 14.0% behind last week. 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) |
297,797 |
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Expectations (MT) |
150,000-350,000 |
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Comments |
Export inspections are up 13,420 MT from last week’s tally. Inspections are running 7.6% behind a year ago, compared to 6.9% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |
