Weekly corn, soybean inspections hold steady on the week
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USDA’s Weekly Grain Export Inspections Week Ended Nov. 2, 2023 |
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Corn |
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Actual (MT) |
535,191 |
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Expectations (MT) |
175,000-400,000 |
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Comments |
Export inspections are down 5,594 MT from last week’s tally. Inspections are running 22.8% ahead of a year ago, compared to 17.3% ahead last week. USDA projects exports in 2023-24 at 2.025 billion bu., 21.9% above the previous marketing year. |
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Wheat |
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Actual (MT) |
71,608 |
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Expectations (MT) |
175,000-400,000 |
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Comments |
Export inspections are down 126,690 MT from the previous week’s figure. Shipments are running 26.8% behind a year-ago, compared to 26.3% 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) |
2,085,419 |
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Expectations (MT) |
1,750,000-2,350,000 |
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Comments |
Export inspections are up 8,012 MT from last week’s tally. Inspections are running 5.0% behind a year ago, compared to 2.7% ahead last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 11.9% below 2023-22. |
