Weekly corn inspections prove solid
USDA’s Weekly Grain Export Inspections Week Ended Nov. 30, 2023 |
|
Corn |
|
Actual (MT) |
1,158,086 |
Expectations (MT) |
350,000-900,000 |
Comments |
Export inspections are up 749,201 MT from last week’s tally. Inspections are running 24.0% ahead of a year ago, compared to 24.9% ahead last week. USDA projects exports in 2023-24 at 2.025 billion bu., 21.9% above the previous marketing year. |
Wheat |
|
Actual (MT) |
187,955 |
Expectations (MT) |
225,000-350,000 |
Comments |
Export inspections are down 100,503 MT from the previous week’s figure. Shipments are running 23.8% behind a year-ago, compared to 23.2% last week. USDA projects exports in 2023-24 at 700 million bu., down 7.8% from the previous marketing year. |
Soybeans |
|
Actual (MT) |
1,108,864 |
Expectations (MT) |
1,250,000-2,000,000 |
Comments |
Export inspections are down 464,425 MT from last week’s tally. Inspections are running 13.7% behind a year ago, compared to 10.9% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 11.9% below 2023-22. |