Weekly wheat inspections gain on the week; corn, soybeans fade
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USDA’s Weekly Grain Export Inspections Week Ended July 6, 2023 |
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Corn |
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Actual (MT) |
341,024 |
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Expectations (MT) |
500,000-900,000 |
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Comments |
Export inspections are down 334,865 MT from last week’s tally. Inspections are running 32.0% behind a year-ago, compared to 31.4% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
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Wheat |
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Actual (MT) |
419,134 |
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Expectations (MT) |
200,000-400,000 |
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Comments |
Export inspections are up 76,959 MT from the previous week’s figure. Shipments are running 21.0% behind a year-ago, compared to 32.1% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
238,234 |
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Expectations (MT) |
125,000-400,000 |
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Comments |
Export inspections are down 24,298 MT from last week’s tally. Inspections are running 4.9% behind a year ago, compared to 4.8% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |
