USDA’s Weekly Grain Export Inspections Week Ended Oct. 6, 2022 | |
Corn | |
Actual (MT) | 457,366 |
Expectations (MT) | 400,000-725,000 |
Comments | Export inspections are down 215,469 MT from last week’s tally. Inspections are running 9.4% behind a year-ago, compared to 3.9% ahead last week. USDA projects exports in 2022-23 at 2.375 billion bu., 3.1% below the previous marketing year. |
Wheat | |
Actual (MT) | 614,371 |
Expectations (MT) | 400,000-750,000 |
Comments | Export inspections are 53,206 MT lower than the previous week’s figure. Shipments are running 0.7% behind year-ago, compared with 2.7% behind year-ago last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 969,212 |
Expectations (MT) | 400,000-1,250,000 |
Comments | Export inspections are up 383,941 MT from last week’s tally. Inspections are running 23% behind a year ago, compared to 3.2% behind last week. USDA’s 2022-23 export forecast of 2.155 billion bu. is 0.2% below 2021-22. |
Corn, soybean export inspections notably fade behind last year’s
Weekly export inspections for week ended Oct. 6 reported corn, beans, and wheat within expectations, however corn and bean inspections are now notably behind last year’s, at 9.4% and 23% behind, respectively.
(Farm Journal)