USDA’s Weekly Grain Export Inspections Week Ended Dec. 22, 2022 | |
Corn | |
Actual (MT) | 856,606 |
Expectations (MT) | 500,000-900,000 |
Comments | Export inspections are up 29,651 MT from last week’s tally. Inspections are running 28% behind a year-ago, compared to 30.4% behind last week. USDA projects exports in 2022-23 at 2.075 billion bu., 16% below the previous marketing year. |
Wheat | |
Actual (MT) | 280,554 |
Expectations (MT) | 175,000-450,000 |
Comments | Export inspections are down 23,554 MT from the previous week’s figure. Shipments are running 2.0% behind a year-ago, compared with 2.5% 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) | 1,753,085 |
Expectations (MT) | 1,200,000-1,860,000 |
Comments | Export inspections are down 210,237 MT from last week’s tally. Inspections are running 7.0% behind a year ago, compared to 8.7% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
Corn export inspections prove notable
Corn export inspections for week ended Dec. 22 were up on the week and short of the high end of expectations, while soybeans landed on the upper end of trade expectations, but trailed the previous week by 210,237 MT.
(Farm Journal)