Weekly Corn, soybean inspections fade from previous week
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. |