USDA’s Weekly Grain Export Inspections Week Ended March 28, 2024 | |
Corn | |
Actual (MT) | 1,431,535 |
Expectations (MT) | 800,000-1,375,000 |
Comments | Export inspections are up 176,370 MT from last week’s tally. Inspections are running 33.5% ahead of a year ago, compared to 33.6% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 498,989 |
Expectations (MT) | 275,000-425,000 |
Comments | Export inspections are up 66,225 MT from the previous week’s figure. Shipments are running 12.3% behind a year-ago, compared to 15.1% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 414,484 |
Expectations (MT) | 500,000-900,000 |
Comments | Export inspections are down 370,632 MT from last week’s tally. Inspections are running 18.7% behind a year ago, compared to 18.7% behind last week. USDA’s 2023-24 export forecast of 1.720 billion bu., which is 13.7% below 2022-23. |