Modest export inspections; corn, beans keep pace ahead of year ago

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USDA’s Weekly Grain Export Inspections

Week Ended Sep. 15, 2022

Corn

Actual (MT)

549,354

Expectations (MT)

375,000-800,000

Comments

Export inspections are up 74,966 MT from last week’s tally. Inspections are running 525,056 MT ahead of a year-ago. USDA projects exports in 2022-23 at 2.375 billion bu., 3.1% below the previous marketing year.

Wheat

Actual (MT)

790,145

Expectations (MT)

400,000-950,000

Comments

Export inspections are up 32,341 MT from the previous week’s figure. Shipments are running 7% behind year-ago, compared with 11% behind year-ago last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year.

Soybeans

Actual (MT)

518,743

Expectations (MT)

350,000-650,000

Comments

Export inspections are up 177,030 MT from last week’s tally. Inspections are running 408,935 MT ahead of a year ago. USDA’s 2022-23 export forecast of 2.155 billion bu. is 0.2% below 2021-22.

 

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