Soybean export inspections top expectations by over 90 MT
USDA’s Weekly Grain Export Inspections Week Ended Nov. 3, 2022 |
|
Corn |
|
Actual (MT) |
231,458 |
Expectations (MT) |
300,000-600,000 |
Comments |
Export inspections are down 214,235 MT from last week’s tally. Inspections are running 27.5% behind a year-ago, compared to 23.4% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
Wheat |
|
Actual (MT) |
180,991 |
Expectations (MT) |
200,000-450,000 |
Comments |
Export inspections are 43,909 MT higher than the previous week’s figure. Shipments are running 0.9% behind a year-ago, compared with 0.2% 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) |
2,591,127 |
Expectations (MT) |
1,500,000-2,500,000 |
Comments |
Export inspections are up 4,899 MT from last week’s tally. Inspections are running 9.7% behind a year ago, compared to 9.5% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |