Wheat, soybean export inspections miss low-end expectations
|
USDA’s Weekly Grain Export Inspections Week Ended Dec. 29, 2022 |
|
|
Corn |
|
|
Actual (MT) |
667,010 |
|
Expectations (MT) |
650,000-900,000 |
|
Comments |
Export inspections are down 255,132 MT from last week’s tally. Inspections are running 28.0% behind a year-ago, compared to 28.0% behind last week. USDA projects exports in 2022-23 at 2.075 billion bu., 16% below the previous marketing year. |
|
Wheat |
|
|
Actual (MT) |
85,672 |
|
Expectations (MT) |
250,000-450,000 |
|
Comments |
Export inspections are down 228,035 MT from the previous week’s figure. Shipments are running 3.0% behind a year-ago, compared with 2.0% 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) |
1,462,882 |
|
Expectations (MT) |
1,500,000-1,865,000 |
|
Comments |
Export inspections are down 312,017 MT from last week’s tally. Inspections are running 7.0% behind a year ago, compared to 7.0% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
