Weekly corn, wheat inspections rise on the week
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USDA’s Weekly Grain Export Inspections Week Ended Feb. 8, 2024 |
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Corn |
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Actual (MT) |
880,074 |
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Expectations (MT) |
425,000-950,000 |
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Comments |
Export inspections are up 234,580 MT from last week’s tally. Inspections are running 31.1% ahead of a year ago, compared to 29.8% 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) |
407,476 |
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Expectations (MT) |
200,000-500,000 |
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Comments |
Export inspections are up 111,936 MT from the previous week’s figure. Shipments are running 18.0% behind a year-ago, compared to 18.4% 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) |
1,326,243 |
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Expectations (MT) |
600,000-1,450,000 |
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Comments |
Export inspections are down 424,378 MT from last week’s tally. Inspections are running 22.7% behind a year ago, compared to 26.3% behind last week. USDA’s 2023-24 export forecast of 1.720 billion bu., which is 13.7% below 2022-23. |
