Soybean export inspections remain steady at nearly 2.6 MMT
USDA’s Weekly Grain Export Inspections Week Ended Oct. 27, 2022 |
|
Corn |
|
Actual (MT) |
422,288 |
Expectations (MT) |
225,000-650,000 |
Comments |
Export inspections are down 50,306 MT from last week’s tally. Inspections are running 23.4% behind a year-ago, compared to 21.6% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
Wheat |
|
Actual (MT) |
137,082 |
Expectations (MT) |
100,000-500,000 |
Comments |
Export inspections are 3,763 MT higher than the previous week’s figure. Shipments are running 0.2% behind a year-ago, compared with 0.5% 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) |
2,574,060 |
Expectations (MT) |
1,200,000-2,650,000 |
Comments |
Export inspections are down 344,645 MT from last week’s tally. Inspections are running 9.5% behind a year ago, compared to 11.7% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |