Weekly corn inspections rise modestly
|
USDA’s Weekly Grain Export Inspections Week Ended Feb. 15, 2024 |
|
|
Corn |
|
|
Actual (MT) |
918,610 |
|
Expectations (MT) |
700,000-1,050,000 |
|
Comments |
Export inspections are up 26,275 MT from last week’s tally. Inspections are running 32.0% ahead of a year ago, compared to 31.1% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
|
Wheat |
|
|
Actual (MT) |
380,774 |
|
Expectations (MT) |
300,000-500,000 |
|
Comments |
Export inspections are down 26,750 MT from the previous week’s figure. Shipments are running 17.5% behind a year-ago, compared to 18.0% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
|
Soybeans |
|
|
Actual (MT) |
1,185,885 |
|
Expectations (MT) |
600,000-1,450,000 |
|
Comments |
Export inspections are down 156,201 MT from last week’s tally. Inspections are running 22.8% behind a year ago, compared to 22.7% behind last week. USDA’s 2023-24 export forecast of 1.720 billion bu., which is 13.7% below 2022-23. |
