USDA’s Weekly Grain Export Inspections Week Ended Aug. 15, 2024 | |
Corn | |
Actual (MT) | 1,166,090 |
Expectations (MT) | 700,000- 1,200,000 |
Comments | Export inspections are up 179,907 MT from last week’s tally. Inspections are running 38.5% ahead of a year ago, compared to 37.1% ahead last week. USDA projects exports in 2023-24 at 2.250 billion bu., 35.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 347,519 |
Expectations (MT) | 300,000- 725,000 |
Comments | Export inspections are down 319,143 MT from the previous week’s figure. Shipments are running 26.0% ahead of year-ago, compared to 26.7% ahead last week. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 398,233 |
Expectations (MT) | 250,000- 450,000 |
Comments | Export inspections are up 48,597 MT from last week’s tally. Inspections are running 15.1% behind a year ago, compared to 15.3% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.1% below 2022-23. |