Weekly corn inspections surpass expectations for the second straight week
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USDA’s Weekly Grain Export Inspections Week Ended April 4, 2024 |
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Corn |
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Actual (MT) |
1,420,023 |
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Expectations (MT) |
1,000,000-1,400,000 |
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Comments |
Export inspections are down 51,859 MT from last week’s tally. Inspections are running 35.2% ahead of a year ago, compared to 33.5% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
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Wheat |
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Actual (MT) |
497,534 |
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Expectations (MT) |
300,000-500,000 |
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Comments |
Export inspections are down 71,613 MT from the previous week’s figure. Shipments are running 11.0% behind a year-ago, compared to 12.3% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
484,328 |
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Expectations (MT) |
350,000-700,000 |
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Comments |
Export inspections are down 63,023 MT from last week’s tally. Inspections are running 18.5% behind a year ago, compared to 18.7% behind last week. USDA’s 2023-24 export forecast of 1.720 billion bu., which is 13.7% below 2022-23. |
