Solid weekly corn inspections at nearly 900,000 MT
|
USDA’s Weekly Grain Export Inspections Week Ended March 2, 2023 |
|
|
Corn |
|
|
Actual (MT) |
899,810 |
|
Expectations (MT) |
450,000-750,000 |
|
Comments |
Export inspections are up 250,507 MT from last week’s tally. Inspections are running 38.3% behind a year-ago, compared to 38.3% behind last week. USDA projects exports in 2022-23 at 1.925 billion bu., 22.0% below the previous marketing year. |
|
Wheat |
|
|
Actual (MT) |
268,136 |
|
Expectations (MT) |
300,000-600,000 |
|
Comments |
Export inspections are down 385,147 MT from the previous week’s figure. Shipments are running 2.1% behind a year-ago, compared with 1.7% 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) |
542,238 |
|
Expectations (MT) |
625,000-1,300,000 |
|
Comments |
Export inspections are down 222,977 MT from last week’s tally. Inspections are running 2.9% ahead of a year ago, compared to 3.4% ahead last week. USDA’s 2022-23 export forecast of 1.990 billion bu. is 8.0% below 2021-22. |
