USDA’s Weekly Grain Export Inspections Week Ended August 31, 2023 | |
Corn | |
Actual (MT) | 481,309 |
Expectations (MT) | 400,000-850,000 |
Comments | Export inspections are down 118,601 MT from last week’s tally. Inspections are running 32.3% behind a year-ago. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
Wheat | |
Actual (MT) | 299,862 |
Expectations (MT) | 250,000-450,000 |
Comments | Export inspections are down 90,772 MT from the previous week’s figure. Shipments are running 23.6% behind a year-ago. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 378,595 |
Expectations (MT) | 200,000-405,000 |
Comments | Export inspections are up 52,529 from last week’s tally. Inspections are running 8.3% behind a year ago. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |
Corn, wheat inspections fade on the week
USDA’s Weekly Export Inspections data was within pre-report estimates, though corn and wheat inspections fell notably on the week, while soybean inspections rose slightly.
(Pro Farmer)