Weekly soybean inspections miss pre-report estimates
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USDA’s Weekly Grain Export Inspections Week Ended June 8, 2023 |
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Corn |
|
|
Actual (MT) |
1,169,134 |
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Expectations (MT) |
750,000-1,300,000 |
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Comments |
Export inspections are down 37,674 MT from last week’s tally. Inspections are running 30.9% behind a year-ago, compared to 31.7% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
246,559 |
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Expectations (MT) |
200,000-425,000 |
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Comments |
Export inspections are down 57,841 MT from the previous week’s figure. Shipments are running 50.4% behind a year-ago, compared to 74.6% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
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Soybeans |
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|
Actual (MT) |
140,179 |
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Expectations (MT) |
175,000-400,000 |
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Comments |
Export inspections are down 82,126 MT from last week’s tally. Inspections are running 3.3% behind a year ago, compared to 2.5% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |
