Soybean export inspections remain ahead of year-ago
|
USDA’s Weekly Grain Export Inspections Week Ended March 16, 2023 |
|
|
Corn |
|
|
Actual (MT) |
1,188,666 |
|
Expectations (MT) |
600,000-1,475,000 |
|
Comments |
Export inspections are up 173,491 MT from last week’s tally. Inspections are running 36.1% behind a year-ago, compared to 37.0% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
|
Wheat |
|
|
Actual (MT) |
374,224 |
|
Expectations (MT) |
200,000-500,000 |
|
Comments |
Export inspections are up 117,323 MT from the previous week’s figure. Shipments are running 1.6% behind a year-ago, compared with 2.0% 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) |
716,618 |
|
Expectations (MT) |
350,000-800,000 |
|
Comments |
Export inspections are up 83,251 MT from last week’s tally. Inspections are running 2.9% ahead of a year ago, compared to 2.5% ahead last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |
