Weekly corn inspections remain steady; soybeans continue to trail year-ago
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USDA’s Weekly Grain Export Inspections Week Ended Sept. 14, 2023 |
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Corn |
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Actual (MT) |
642,095 |
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Expectations (MT) |
450,000-775,000 |
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Comments |
Export inspections are up 16,851 MT from last week’s tally. Inspections are running 10.5% ahead of a year-ago. USDA projects exports in 2023-24 at 2.050 billion bu., 23.0% above the previous marketing year. |
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Wheat |
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Actual (MT) |
367,371 |
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Expectations (MT) |
250,000-500,000 |
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Comments |
Export inspections are down 38,810 MT from the previous week’s figure. Shipments are running 29.4% behind a year-ago. USDA projects exports in 2023-24 at 700 million bu., down 7.8% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
393,004 |
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Expectations (MT) |
250,000-600,000 |
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Comments |
Export inspections are up 19,385 MT from last week’s tally. Inspections are running 16.2% behind a year ago. USDA’s 2023-24 export forecast of 1.790 billion bu., which is 10.1% below 2023-22. |
