Corn, soybean export inspections sluggish
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USDA’s Weekly Grain Export Inspections Week Ended Sept. 22, 2022 |
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Corn |
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Actual (MT) |
459,420 |
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Expectations (MT) |
500,000-800,000 |
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Comments |
Export inspections are down 90,056 MT from last week’s tally. Inspections are running 17.4% ahead of a year-ago. USDA projects exports in 2022-23 at 2.375 billion bu., 3.1% below the previous marketing year. |
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Wheat |
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Actual (MT) |
520,464 |
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Expectations (MT) |
200,000-800,000 |
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Comments |
Export inspections are down 316,156 MT from the previous week’s figure. Shipments are running 4.4% behind year-ago, compared with 7% behind year-ago last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
257,547 |
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Expectations (MT) |
385,000-800,000 |
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Comments |
Export inspections are down 262,151 MT from last week’s tally. Inspections are running 15.5% ahead of a year ago. USDA’s 2022-23 export forecast of 2.155 billion bu. is 0.2% below 2021-22. |
