Soybean export inspections miss expectations
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USDA’s Weekly Grain Export Inspections Week Ended Feb. 23, 2023 |
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Corn |
|
|
Actual (MT) |
572,622 |
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Expectations (MT) |
375,000-750,000 |
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Comments |
Export inspections are down 51,173 MT from last week’s tally. Inspections are running 38.3% behind a year-ago, compared to 36.3% behind last week. USDA projects exports in 2022-23 at 1.925 billion bu., 22.0% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
591,725 |
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Expectations (MT) |
250,000-500,000 |
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Comments |
Export inspections are up 217,298 MT from the previous week’s figure. Shipments are running 1.7% behind a year-ago, compared with 2.8% behind a 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) |
690,984 |
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Expectations (MT) |
850,000-1,700,000 |
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Comments |
Export inspections are down 892,909 MT from last week’s tally. Inspections are running 3.4% ahead of a year ago, compared to 3.5% ahead last week. USDA’s 2022-23 export forecast of 1.990 billion bu. is 8.0% below 2021-22. |
