USDA’s Weekly Grain Export Inspections Week Ended July 25, 2024 | |
Corn | |
Actual (MT) | 1,058,922 |
Expectations (MT) | 700,000-1,060,000 |
Comments | Export inspections are up 67,665 MT from last week’s tally. Inspections are running 34.0% ahead of a year ago, compared to 32.9% ahead last week. USDA projects exports in 2023-24 at 2.225 billion bu., 33.9% above the previous marketing year. |
Wheat | |
Actual (MT) | 431,233 |
Expectations (MT) | 225,000-500,000 |
Comments | Export inspections are up 168,623 MT from the previous week’s figure. Shipments are running 11.2% ahead of year-ago, compared to 20.2% ahead last week. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 403,268 |
Expectations (MT) | 195,000-400,000 |
Comments | Export inspections are up 65,013 MT from last week’s tally. Inspections are running 15.3% behind a year ago, compared to 15.6% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.1% below 2022-23. |