Corn, wheat inspections fade on the week
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USDA’s Weekly Grain Export Inspections Week Ended August 31, 2023 |
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Corn |
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Actual (MT) |
481,309 |
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Expectations (MT) |
400,000-850,000 |
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Comments |
Export inspections are down 118,601 MT from last week’s tally. Inspections are running 32.3% behind a year-ago. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
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Wheat |
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Actual (MT) |
299,862 |
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Expectations (MT) |
250,000-450,000 |
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Comments |
Export inspections are down 90,772 MT from the previous week’s figure. Shipments are running 23.6% behind a year-ago. 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) |
378,595 |
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Expectations (MT) |
200,000-405,000 |
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Comments |
Export inspections are up 52,529 from last week’s tally. Inspections are running 8.3% behind a year ago. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |
