Modest export inspections; corn, beans keep pace ahead of year ago

Weekly export inspections for week ended Sep. 15 were reported as expected; corn and beans continue to keep a notable pace ahead of last year.

Exports by Canva
Exports by Canva
(Farm Journal)

USDA’s Weekly Grain Export Inspections

Week Ended Sep. 15, 2022

Corn

Actual (MT)

549,354

Expectations (MT)

375,000-800,000

Comments

Export inspections are up 74,966 MT from last week’s tally. Inspections are running 525,056 MT ahead of a year-ago. USDA projects exports in 2022-23 at 2.375 billion bu., 3.1% below the previous marketing year.

Wheat

Actual (MT)

790,145

Expectations (MT)

400,000-950,000

Comments

Export inspections are up 32,341 MT from the previous week’s figure. Shipments are running 7% behind year-ago, compared with 11% behind year-ago last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year.

Soybeans

Actual (MT)

518,743

Expectations (MT)

350,000-650,000

Comments

Export inspections are up 177,030 MT from last week’s tally. Inspections are running 408,935 MT ahead of a year ago. USDA’s 2022-23 export forecast of 2.155 billion bu. is 0.2% below 2021-22.