USDA’s Weekly Grain Export Inspections Week Ended May 18, 2023 | |
Corn | |
Actual (MT) | 1,323,117 |
Expectations (MT) | 700,000-1,425,000 |
Comments | Export inspections are up 149,334 MT from last week’s tally. Inspections are running 33.1% behind a year-ago, compared to 33.4% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
Wheat | |
Actual (MT) | 407,682 |
Expectations (MT) | 100,000-350,000 |
Comments | Export inspections are up 144,243 MT from the previous week’s figure. Shipments are running 2.6% behind a year-ago, compared with 3.4% 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) | 155,051 |
Expectations (MT) | 100,000-500,000 |
Comments | Export inspections are down 31,736 MT from last week’s tally. Inspections are running 1.9% behind a year ago, compared to 1.1 % behind last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |