Weekly corn, soybean inspections continue to outpace year-ago
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USDA’s Weekly Grain Export Inspections Week Ended Sept. 28, 2023 |
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Corn |
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Actual (MT) |
625,870 |
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Expectations (MT) |
500,000-850,000 |
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Comments |
Export inspections are down 84,735 MT from last week’s tally. Inspections are running 10.8% ahead of a year ago, compared to 15.6% ahead 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 |
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Actual (MT) |
397,594 |
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Expectations (MT) |
300,000-550,000 |
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Comments |
Export inspections are down 88,118 MT from the previous week’s figure. Shipments are running 28.8% behind a year-ago, compared to 28.3% 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 |
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Actual (MT) |
663,355 |
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Expectations (MT) |
350,000-750,000 |
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Comments |
Export inspections are up 155,725 MT from last week’s tally. Inspections are running 8.7% ahead of a year ago, compared to 6.5% ahead last week. USDA’s 2023-24 export forecast of 1.790 billion bu., which is 10.1% below 2023-22. |
