Weekly corn, wheat inspections top pre-report expectations

USDA Weekly Export Inspections Report
USDA Weekly Export Inspections Report
(Chip Flory)

 

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.

 

 

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