Weekly soybean inspections fade
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USDA’s Weekly Grain Export Inspections Week Ended August 17, 2023 |
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Corn |
|
|
Actual (MT) |
482,526 |
|
Expectations (MT) |
200,000-550,000 |
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Comments |
Export inspections are up 23,496 MT from last week’s tally. Inspections are running 32.9% behind a year-ago, compared to 32.9% behind last week. USDA projects exports in 2022-23 at 1.625 billion bu., 34.3% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
311,314 |
|
Expectations (MT) |
200,000-500,000 |
|
Comments |
Export inspections are up 42,046 MT from the previous week’s figure. Shipments are running 19.0% behind a year-ago, compared to 17.5% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
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Soybeans |
|
|
Actual (MT) |
316,074 |
|
Expectations (MT) |
200,000-500,000 |
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Comments |
Export inspections are down 101,831 MT from last week’s tally. Inspections are running 8.0% behind a year ago, compared to 7.6% behind last week. USDA’s 2022-23 export forecast of 1.980 billion bu. is 8.0% below 2021-22. |
