Weekly wheat inspections exceed pre-report expectations
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USDA’s Weekly Grain Export Inspections Week Ended April 11, 2024 |
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Corn |
|
|
Actual (MT) |
1,331,683 |
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Expectations (MT) |
1,200,000-1,500,000 |
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Comments |
Export inspections are down 111,133 MT from last week’s tally. Inspections are running 33.7% ahead of a year ago, compared to 35.2% 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) |
551,278 |
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Expectations (MT) |
350,000-525,000 |
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Comments |
Export inspections are up 34,443 MT from the previous week’s figure. Shipments are running 9.0% behind a year-ago, compared to 11.0% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
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Soybeans |
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|
Actual (MT) |
432,905 |
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Expectations (MT) |
375,000-600,000 |
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Comments |
Export inspections are down 58,967 MT from last week’s tally. Inspections are running 18.5% behind a year ago, compared to 18.5% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |
