Wheat inspections begin marketing-year with shaky start

USDA Weekly Export Inspections
USDA Weekly Export Inspections
(USDA)

 

USDA’s Weekly Grain Export Inspections

                                              Week Ended June 1, 2023              

Corn

Actual (MT)

1,180,954

Expectations (MT)

800,000-1,400,000

Comments

Export inspections are down 165,438 MT from last week’s tally. Inspections are running 31.7% behind a year-ago, compared to 32.2% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year.

Wheat

Actual (MT)

291,599

Expectations (MT)

200,000-450,000

Comments

Export inspections are down 99,693 MT from the previous week’s figure. Shipments are running 74.6% behind a year-ago. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year.

Soybeans

Actual (MT)

214,247

Expectations (MT)

150,000-400,000

Comments

Export inspections are down 28,819 MT from last week’s tally. Inspections are running 2.5% behind a year ago, compared to 2.2% behind last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22.

 

 

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