USDA’s Weekly Grain Export Inspections Week Ended Nov. 10, 2022 | |
Corn | |
Actual (MT) | 484,001 |
Expectations (MT) | 200,000-500,000 |
Comments | Export inspections are up 251,491 MT from last week’s tally. Inspections are running 29.5% behind a year-ago, compared to 27.5% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
Wheat | |
Actual (MT) | 76,408 |
Expectations (MT) | 100,000-500,000 |
Comments | Export inspections are 105,581 MT lower than the previous week’s figure. Shipments are running 4.0% behind a year-ago, compared with 0.9% behind a 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) | 1,857,872 |
Expectations (MT) | 2,000,000-2,650,000 |
Comments | Export inspections are down 748,285 MT from last week’s tally. Inspections are running 11.6% behind a year ago, compared to 9.7% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
Corn export inspections bright spot as soybeans, wheat miss low-end estimates
Weekly export inspections for week ended Nov. 10 showed soybean inspections missing expectations by over 142 MMT, with wheat also short nearly 24 MMT. Corn inspections were notable at 484 MMT, near top end expectations.
