Huge weekly soybean inspections at 1.04 MMT
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USDA’s Weekly Grain Export Inspections Week Ended Oct. 5, 2023 |
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|
Corn |
|
|
Actual (MT) |
550,585 |
|
Expectations (MT) |
550,000-925,000 |
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Comments |
Export inspections are down 119,539 MT from last week’s tally. Inspections are running 14.3% ahead of a year ago, compared to 10.8% 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 |
|
|
Actual (MT) |
265,242 |
|
Expectations (MT) |
300,000-500,000 |
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Comments |
Export inspections are down 163,532 MT from the previous week’s figure. Shipments are running 30.4% behind a year-ago, compared to 28.8% last week. USDA projects exports in 2023-24 at 700 million bu., down 7.8% from the previous marketing year. |
|
Soybeans |
|
|
Actual (MT) |
1,036,223 |
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Expectations (MT) |
500,000-825,000 |
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Comments |
Export inspections are up 359,564 MT from last week’s tally. Inspections are running 13.0% behind a year ago, compared to 8.7% ahead last week. USDA’s 2023-24 export forecast of 1.790 billion bu., which is 10.1% below 2023-22. |
