USDA’s Weekly Grain Export Inspections Week Ended June 6, 2024 | |
Corn | |
Actual (MT) | 1,339,849 |
Expectations (MT) | 1,000,000-1,425,000 |
Comments | Export inspections are down 76,639 MT from last week’s tally. Inspections are running 25.8% ahead of a year ago, compared to 26.1% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 352,202 |
Expectations (MT) | 300,000-475,000 |
Comments | Export inspections are down 75,074 MT from the previous week’s figure. Shipments are running 6.9% behind a year-ago. USDA projects exports in 2024-25 at 775 million bu., up 7.6% from the previous marketing year. |
Soybeans | |
Actual (MT) | 231,002 |
Expectations (MT) | 200,000-400,000 |
Comments | Export inspections are down 130,215 MT from last week’s tally. Inspections are running 17.0% behind a year ago, compared to 17.2% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |