Another week of solid corn export inspections
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USDA’s Weekly Grain Export Inspections Week Ended March 9, 2023 |
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Corn |
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Actual (MT) |
999,388 |
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Expectations (MT) |
500,000-1,225,000 |
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Comments |
Export inspections are up 66,076 MT from last week’s tally. Inspections are running 37.0% behind a year-ago, compared to 38.3% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
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Wheat |
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Actual (MT) |
249,017 |
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Expectations (MT) |
250,000-500,000 |
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Comments |
Export inspections are down 92,070 MT from the previous week’s figure. Shipments are running 2.0% behind a year-ago, compared with 2.1% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
618,803 |
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Expectations (MT) |
300,000-950,000 |
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Comments |
Export inspections are up 66,415 MT from last week’s tally. Inspections are running 2.5% ahead of a year ago, compared to 2.9% ahead last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |
