Weekly corn inspection fall short of expectations
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USDA’s Weekly Grain Export Inspections Week Ended March 23, 2023 |
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Corn |
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|
Actual (MT) |
666,325 |
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Expectations (MT) |
700,000-1,400,000 |
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Comments |
Export inspections are down 525,768 MT from last week’s tally. Inspections are running 37.4% behind a year-ago, compared to 36.1% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
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Wheat |
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Actual (MT) |
392,484 |
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Expectations (MT) |
200,000-450,000 |
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Comments |
Export inspections are up 17,213 MT from the previous week’s figure. Shipments are running 1.3% behind a year-ago, compared with 1.6% 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) |
888,707 |
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Expectations (MT) |
250,000-900,000 |
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Comments |
Export inspections are up 169,175 MT from last week’s tally. Inspections are running 3.4% ahead of a year ago, compared to 2.9% ahead last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |
