USDA’s Weekly Grain Export Inspections Week Ended Aug. 29, 2024 | |
Corn | |
Actual (MT) | 965,292 |
Expectations (MT) | 700,000-1,150,000 |
Comments | Export inspections rose 47,690 MT from last week’s tally. Inspections are running 39.6% ahead of a year ago, compared to 38.7% ahead last week. USDA projects exports in 2023-24 at 2.250 billion bu., 35.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 577,944 |
Expectations (MT) | 400,000-600,000 |
Comments | Export inspections increased 28,477 MT from the previous week’s figure. Shipments are running 31.9% ahead of year-ago, compared to 27.7% ahead last week. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 496,860 |
Expectations (MT) | 300,000-500,000 |
Comments | Export inspections rose 77,297 MT from last week’s tally. Inspections are running 14.5% behind a year ago, compared to 14.8% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., down 14.1% from 2022-23. |