USDA’s Weekly Grain Export Inspections Week Ended Nov. 24, 2022 | |
Corn | |
Actual (MT) | 302,350 |
Expectations (MT) | 400,000-850,000 |
Comments | Export inspections are down 196,718 MT from last week’s tally. Inspections are running 32.7% behind a year-ago, compared to 30% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
Wheat | |
Actual (MT) | 198,519 |
Expectations (MT) | 200,000-400,000 |
Comments | Export inspections are down 92,908 MT from the previous week’s figure. Shipments are running 3.8% behind a year-ago, compared with 2.2% 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) | 2,022,443 |
Expectations (MT) | 1,800,000-2,250,000 |
Comments | Export inspections are down 402,794 MT from last week’s tally. Inspections are running 10% behind a year ago, compared to 10.5% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
Corn export inspections remain sluggish
Corn export inspections missed low-end expectations by nearly 100,000 MT, while wheat was just shy. Soybean export inspections were notable, but below last week’s figure by over 400,000 MT.
(Farm Journal)