Soybean export inspections continue to outpace year-ago
USDA’s Weekly Grain Export Inspections Week Ended Feb. 16, 2023 |
|
Corn |
|
Actual (MT) |
622,841 |
Expectations (MT) |
500,000-750,000 |
Comments |
Export inspections are up 59,393 MT from last week’s tally. Inspections are running 36.3% behind a year-ago, compared to 34.9% behind last week. USDA projects exports in 2022-23 at 1.925 billion bu., 22.0% below the previous marketing year. |
Wheat |
|
Actual (MT) |
373,429 |
Expectations (MT) |
300,000-525,000 |
Comments |
Export inspections are down 98,898 MT from the previous week’s figure. Shipments are running 2.8% behind a year-ago, compared with 1.5% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
Soybeans |
|
Actual (MT) |
1,578,066 |
Expectations (MT) |
1,000,000-1,965,000 |
Comments |
Export inspections are down 115,222 MT from last week’s tally. Inspections are running 3.5% ahead of a year ago, compared to 1.6% ahead last week. USDA’s 2022-23 export forecast of 1.990 billion bu. is 8.0% below 2021-22. |