USDA’s Weekly Grain Export Inspections Week Ended July 13, 2023 | |
Corn | |
Actual (MT) | 363,818 |
Expectations (MT) | 275,000-850,000 |
Comments | Export inspections are up 14,231 MT from last week’s tally. Inspections are running 32.7% behind a year-ago, compared to 32.0% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
Wheat | |
Actual (MT) | 253,409 |
Expectations (MT) | 200,000-475,000 |
Comments | Export inspections are down 165,917 MT from the previous week’s figure. Shipments are running 16.2% behind a year-ago, compared to 21.0% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 155,556 |
Expectations (MT) | 175,000-400,000 |
Comments | Export inspections are down 145,209 MT from last week’s tally. Inspections are running 5.3% behind a year ago, compared to 4.9% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |