USDA’s Weekly Grain Export Inspections Week Ended June 22, 2023 | |
Corn | |
Actual (MT) | 542,727 |
Expectations (MT) | 700,000-1,250,000 |
Comments | Export inspections are down 288,272 MT from last week’s tally. Inspections are running 31.5% behind a year-ago, compared to 30.7% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
Wheat | |
Actual (MT) | 203,724 |
Expectations (MT) | 200,000-400,000 |
Comments | Export inspections are down 31,451 MT from the previous week’s figure. Shipments are running 43.5% behind a year-ago, compared to 43.6% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 141,158 |
Expectations (MT) | 125,000-300,000 |
Comments | Export inspections are down 38,390 MT from last week’s tally. Inspections are running 4.4% behind a year ago, compared to 3.8% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |