USDA’s Weekly Grain Export Inspections Week Ended Oct. 20, 2022 | |
Corn | |
Actual (MT) | 470,623 |
Expectations (MT) | 300,000-650,000 |
Comments | Export inspections are up 10,927 MT from last week’s tally. Inspections are running 21.6% behind a year-ago, compared to 21% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
Wheat | |
Actual (MT) | 125,582 |
Expectations (MT) | 200,000-500,000 |
Comments | Export inspections are 108,355 MT lower than the previous week’s figure. Shipments are running 0.5% behind a year-ago, compared with 0.5% ahead of year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 2,888,829 |
Expectations (MT) | 1,000,000-2,000,000 |
Comments | Export inspections are up 964,039 MT from last week’s tally. Inspections are running 11.7% behind a year ago, compared to 22.6% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
Another week of sizable soybean export inspections, at nearly 3 MMT
Weekly export inspections for week ended Oct. 20 revealed another week of sizable soybean inspections, at nearly 3 MMT, while wheat fell short of the expected range of 200,000-500,000 MT, and corn was as expected.
(Farm Journal)