Weekly corn inspection fall short of expectations

USDA Weekly Export Inspections
USDA Weekly Export Inspections
(USDA)

 

USDA’s Weekly Grain Export Inspections

                                            Week Ended March 23, 2023           

Corn

Actual (MT)

666,325

Expectations (MT)

700,000-1,400,000

Comments

Export inspections are down 525,768 MT from last week’s tally. Inspections are running 37.4% behind a year-ago, compared to 36.1% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year.

Wheat

Actual (MT)

392,484

Expectations (MT)

200,000-450,000

Comments

Export inspections are up 17,213 MT from the previous week’s figure. Shipments are running 1.3% behind a year-ago, compared with 1.6% 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)

888,707

Expectations (MT)

250,000-900,000

Comments

Export inspections are up 169,175 MT from last week’s tally. Inspections are running 3.4% ahead of a year ago, compared to 2.9% ahead last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22.

 

 

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