Notable drop in weekly corn inspections
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USDA’s Weekly Grain Export Inspections Week Ended Dec. 28, 2023 |
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Corn |
|
|
Actual (MT) |
569,735 |
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Expectations (MT) |
400,000-1,050,000 |
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Comments |
Export inspections are down 657,504 MT from last week’s tally. Inspections are running 24.5% ahead of a year ago, compared to 26.0% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
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Wheat |
|
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Actual (MT) |
273,671 |
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Expectations (MT) |
150,000-475,000 |
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Comments |
Export inspections are down 187,760 MT from the previous week’s figure. Shipments are running 19.0% behind a year-ago, compared to 21.0% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
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Soybeans |
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|
Actual (MT) |
961,694 |
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Expectations (MT) |
600,000-1,100,000 |
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Comments |
Export inspections are down 156,053 MT from last week’s tally. Inspections are running 19.0% behind a year ago, compared to 18.5% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 10.9% below 2022-23. |
