Weekly corn, wheat inspections top pre-report expectations
USDA’s Weekly Grain Export Inspections Week Ended Dec. 21, 2023 |
|
Corn |
|
Actual (MT) |
1,081,777 |
Expectations (MT) |
450,000-925,000 |
Comments |
Export inspections are up 121,925 MT from last week’s tally. Inspections are running 26.0% ahead of a year ago, compared to 26.8% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat |
|
Actual (MT) |
428,663 |
Expectations (MT) |
250,000-400,000 |
Comments |
Export inspections are up 143,871 MT from the previous week’s figure. Shipments are running 21.0% behind a year-ago, compared to 22.0% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
Soybeans |
|
Actual (MT) |
1,070,411 |
Expectations (MT) |
800,000-1,585,000 |
Comments |
Export inspections are down 354,601 MT from last week’s tally. Inspections are running 18.5% behind a year ago, compared to 17.0% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 10.9% below 2022-23. |