Weekly soybean inspections climb on the week
USDA’s Weekly Grain Export Inspections Week Ended Jan. 11, 2023 |
|
Corn |
|
Actual (MT) |
875,621 |
Expectations (MT) |
600,000-1,000,000 |
Comments |
Export inspections are down 216,741 MT from last week’s tally. Inspections are running 29.1% ahead of a year ago, compared to 28.0% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat |
|
Actual (MT) |
234,205 |
Expectations (MT) |
200,000-350,000 |
Comments |
Export inspections are down 267,705 MT from the previous week’s figure. Shipments are running 16.5% behind a year-ago, compared to 16.3% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
Soybeans |
|
Actual (MT) |
1,264,468 |
Expectations (MT) |
650,000-1,450,000 |
Comments |
Export inspections are up 223,840 MT from last week’s tally. Inspections are running 21.1% behind a year ago, compared to 20.8% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 10.9% below 2022-23. |