Weekly corn inspections top expectations
USDA’s Weekly Grain Export Inspections Week Ended April 13, 2023 |
|
Corn |
|
Actual (MT) |
1,215,221 |
Expectations (MT) |
700,000-1,050,000 |
Comments |
Export inspections are up 376,056 MT from last week’s tally. Inspections are running 35.6% behind a year-ago, compared to 37.1% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
Wheat |
|
Actual (MT) |
239,907 |
Expectations (MT) |
200,000-400,000 |
Comments |
Export inspections are down 151,662 MT from the previous week’s figure. Shipments are running 3.3% behind a year-ago, compared with 2.5% 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) |
526,376 |
Expectations (MT) |
300,000-725,000 |
Comments |
Export inspections are up 165,666 MT from last week’s tally. Inspections are running 1.4% ahead of a year ago, compared to 2.4% ahead last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |