Soybean, wheat export inspections rise on the week

USDA’s Weekly Grain Export Inspections

                                               Week Ended April 6, 2023              

Corn

Actual (MT)

805,167

Expectations (MT)

600,000-1,300,000

Comments

Export inspections are down 293,294 MT from last week’s tally. Inspections are running 37.1% behind a year-ago, compared to 36.7% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year.

Wheat

Actual (MT)

335,444

Expectations (MT)

150,000-500,000

Comments

Export inspections are up 166,901 MT from the previous week’s figure. Shipments are running 2.5% behind a year-ago, compared with 2.1% 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)

669,566

Expectations (MT)

375,000-800,000

Comments

Export inspections are up 165,666 MT from last week’s tally. Inspections are running 2.4% ahead of a year ago, compared to 2.8% ahead last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22.