Weekly corn inspections steady week over week
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USDA’s Weekly Grain Export Inspections Week Ended May 25, 2023 |
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Corn |
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|
Actual (MT) |
1,313,411 |
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Expectations (MT) |
600,000-1,400,000 |
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Comments |
Export inspections are down 12,870 MT from last week’s tally. Inspections are running 32.2% behind a year-ago, compared to 33.1% 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 |
|
|
Actual (MT) |
382,031 |
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Expectations (MT) |
200,000-600,000 |
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Comments |
Export inspections are down 58,063 MT from the previous week’s figure. Shipments are running 2.2% behind a year-ago, compared with 2.6% 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 |
|
|
Actual (MT) |
239,736 |
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Expectations (MT) |
100,000-400,000 |
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Comments |
Export inspections are up 73,146 MT from last week’s tally. Inspections are running 2.2% behind a year ago, compared to 1.9% behind last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |
