Wheat inspections top trade expectations by more than 100,000 MT
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USDA’s Weekly Grain Export Inspections Week Ended Sep. 8, 2022 |
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Corn |
|
|
Actual (MT) |
446,620 |
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Expectations (MT) |
325,000-825,000 |
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Comments |
Export inspections are down 85,047 MT from last week’s tally. Inspections are running 340,080 MT ahead of a year-ago. USDA projects exports in 2022-23 at 2.375 billion bu., 3.1% below the previous marketing year. |
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Wheat |
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Actual (MT) |
736,515 |
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Expectations (MT) |
250,000-625,000 |
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Comments |
Export inspections are up 198,186 MT from the previous week’s figure. Shipments are running 11% behind year-ago, compared with 15.3% behind year-ago last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year. |
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Soybeans |
|
|
Actual (MT) |
329,225 |
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Expectations (MT) |
400,000-650,000 |
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Comments |
Export inspections are down 171,061 MT from last week’s tally. Inspections are running 157,276 MT ahead of a year ago. USDA’s 2022-23 export forecast of 2.155 billion bu. is 0.2% below 2021-22. |
