Weekly soybean inspections catch up, outpace year-ago
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USDA’s Weekly Grain Export Inspections Week Ended Sept. 21, 2023 |
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Corn |
|
|
Actual (MT) |
660,811 |
|
Expectations (MT) |
400,000-800,000 |
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Comments |
Export inspections are down 15,512 MT from last week’s tally. Inspections are running 15.6% ahead of a year ago, compared to 10.5% last week. USDA projects exports in 2023-24 at 2.050 billion bu., 23.0% above the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
451,004 |
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Expectations (MT) |
300,000-500,000 |
|
Comments |
Export inspections are up 28,365 MT from the previous week’s figure. Shipments are running 28.3% behind a year-ago, compared to 29.4% last week. USDA projects exports in 2023-24 at 700 million bu., down 7.8% from the previous marketing year. |
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Soybeans |
|
|
Actual (MT) |
481,638 |
|
Expectations (MT) |
375,000-775,000 |
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Comments |
Export inspections are up 51,867 MT from last week’s tally. Inspections are running 6.5% ahead of a year ago, compared to behind 16.2% last week. USDA’s 2023-24 export forecast of 1.790 billion bu., which is 10.1% below 2023-22. |
