Weekly corn inspections remain solid
|
USDA’s Weekly Grain Export Inspections Week Ended March 21, 2024 |
|
|
Corn |
|
|
Actual (MT) |
1,227,955 |
|
Expectations (MT) |
900,000-1,350,000 |
|
Comments |
Export inspections are down 98,332 MT from last week’s tally. Inspections are running 33.6% ahead of a year ago, compared to 31.3% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
|
Wheat |
|
|
Actual (MT) |
315,395 |
|
Expectations (MT) |
250,000-500,000 |
|
Comments |
Export inspections are down 79,084 MT from the previous week’s figure. Shipments are running 15.1% behind a year-ago, compared to 15.6% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
|
Soybeans |
|
|
Actual (MT) |
768,711 |
|
Expectations (MT) |
400,000-1,000,000 |
|
Comments |
Export inspections are up 68,466 MT from last week’s tally. Inspections are running 18.7% behind a year ago, compared to 18.8% behind last week. USDA’s 2023-24 export forecast of 1.720 billion bu., which is 13.7% below 2022-23. |
