Weekly export inspections fade from week-ago
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USDA’s Weekly Grain Export Inspections Week Ended Nov. 23, 2023 |
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Corn |
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Actual (MT) |
406,680 |
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Expectations (MT) |
450,000-750,000 |
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Comments |
Export inspections are down 194,388 MT from last week’s tally. Inspections are running 24.9% ahead of a year ago, compared to 23.8% ahead last week. USDA projects exports in 2023-24 at 2.025 billion bu., 21.9% above the previous marketing year. |
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Wheat |
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Actual (MT) |
276,585 |
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Expectations (MT) |
200,000-500,000 |
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Comments |
Export inspections are down 89,887 MT from the previous week’s figure. Shipments are running 23.2% behind a year-ago, compared to 24.0% last week. 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) |
1,443,385 |
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Expectations (MT) |
1,000,000-1,900,000 |
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Comments |
Export inspections are down 187,705 MT from last week’s tally. Inspections are running 10.9% behind a year ago, compared to 8.3% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 11.9% below 2023-22. |
