Soybean export inspections exceed expectations by over 600,000 MT
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USDA’s Weekly Grain Export Inspections Week Ended Oct. 13, 2022 |
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Corn |
|
|
Actual (MT) |
448,423 |
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Expectations (MT) |
375,000-625,000 |
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Comments |
Export inspections are down 8,943 MT from last week’s tally. Inspections are running 21% behind a year-ago, compared to 9.4% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
231,842 |
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Expectations (MT) |
350,000-725,000 |
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Comments |
Export inspections are 384,026 MT lower than the previous week’s figure. Shipments are running 0.03 % ahead of a year-ago, compared with 0.7% behind year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
1,882,386 |
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Expectations (MT) |
550,000-1,275,000 |
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Comments |
Export inspections are up 905,509 MT from last week’s tally. Inspections are running 22.6% behind a year ago, compared to 23% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
