Soybean export inspections continue to prove notable
USDA’s Weekly Grain Export Inspections Week Ended Nov. 17, 2022 |
|
Corn |
|
Actual (MT) |
495,395 |
Expectations (MT) |
235,000-700,000 |
Comments |
Export inspections are down 40,021 MT from last week’s tally. Inspections are running 30% behind a year-ago, compared to 29.5% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
Wheat |
|
Actual (MT) |
279,904 |
Expectations (MT) |
75,000-300,000 |
Comments |
Export inspections are up 109,480 MT from the previous week’s figure. Shipments are running 2.2% behind a year-ago, compared with 4.0% 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) |
2,329,082 |
Expectations (MT) |
1,000,000-2,500,000 |
Comments |
Export inspections are up 364,901 MT from last week’s tally. Inspections are running 10.5% behind a year ago, compared to 11.6% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |