USDA’s Weekly Grain Export Inspections Week Ended August 3, 2023 | |
Corn | |
Actual (MT) | 376,623 |
Expectations (MT) | 300,000-600,000 |
Comments | Export inspections are down 161,597 MT from last week’s tally. Inspections are running 33.0% behind a year-ago, compared to 33.0% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
Wheat | |
Actual (MT) | 275,067 |
Expectations (MT) | 300,000-600,000 |
Comments | Export inspections are down 310,251 MT from the previous week’s figure. Shipments are running 14.0% behind a year-ago, compared to 4.8% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 281,857 |
Expectations (MT) | 200,000-625,000 |
Comments | Export inspections are down 52,264 MT from last week’s tally. Inspections are running 6.9% behind a year ago, compared to 5.9% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |