Weekly Corn, soybean inspections fade from previous week

USDA Weekly Export Inspections Report
USDA Weekly Export Inspections Report
(Chip Flory)

 

USDA’s Weekly Grain Export Inspections

                                              Week Ended Jan. 18, 2023              

Corn

Actual (MT)

713,290

Expectations (MT)

650,000-1,050,000

Comments

Export inspections are down 233,127 MT from last week’s tally. Inspections are running 27.7% ahead of a year ago, compared to 29.1% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year.

Wheat

Actual (MT)

314,521

Expectations (MT)

250,000-550,000

Comments

Export inspections are up 72,112 MT from the previous week’s figure. Shipments are running 16.1% behind a year-ago, compared to 16.5% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year.

Soybeans

Actual (MT)

1,161,100

Expectations (MT)

750,000-1,450,000

Comments

Export inspections are down 117,068 MT from last week’s tally. Inspections are running 21.9% behind a year ago, compared to 21.1% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 10.9% below 2022-23.

 

 

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