Modest export inspections; corn, beans keep pace ahead of year ago

( )

 

USDA’s Weekly Grain Export Inspections

Week Ended Sep. 15, 2022

Corn

Actual (MT)

549,354

Expectations (MT)

375,000-800,000

Comments

Export inspections are up 74,966 MT from last week’s tally. Inspections are running 525,056 MT ahead of a year-ago. USDA projects exports in 2022-23 at 2.375 billion bu., 3.1% below the previous marketing year.

Wheat

Actual (MT)

790,145

Expectations (MT)

400,000-950,000

Comments

Export inspections are up 32,341 MT from the previous week’s figure. Shipments are running 7% behind year-ago, compared with 11% behind year-ago last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year.

Soybeans

Actual (MT)

518,743

Expectations (MT)

350,000-650,000

Comments

Export inspections are up 177,030 MT from last week’s tally. Inspections are running 408,935 MT ahead of a year ago. USDA’s 2022-23 export forecast of 2.155 billion bu. is 0.2% below 2021-22.

 

Latest News

H&P Report negative compared to pre-report expectations
H&P Report negative compared to pre-report expectations

Nearly every category topped the average pre-report estimates.

After the Bell | March 28, 2024
After the Bell | March 28, 2024

After the Bell | March 28, 2024

Pro Farmer's Daily Advice Monitor
Pro Farmer's Daily Advice Monitor

Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.

PF Report Reaction: Bullish USDA data for corn
PF Report Reaction: Bullish USDA data for corn

Corn planting intentions and March 1 stocks came in lower than expected.

Report Snapshot: USDA shows lighter-than-expected corn acres and stocks
Report Snapshot: USDA shows lighter-than-expected corn acres and stocks

USDA reported corn acres of 90.036 million acres for 2024 and March 1 stocks of 8.347 billion bu., both well below trade estimates. Soybean acres were slightly lower than expectations, while stocks were higher.