Weekly export inspections for the week ended July 4.
USDA’s Weekly Grain Export Inspections Week Ended July 4, 2024 | |
| Corn | |
| Actual (MT) | 1,023,905 |
| Expectations (MT) | 600,000-1,100,000 |
| Comments | Export inspections are up 192,710 MT from last week’s tally. Inspections are running 29.7% ahead of a year ago, compared to 28.1% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
| Wheat | |
| Actual (MT) | 341,005 |
| Expectations (MT) | 275,000-650,000 |
| Comments | Export inspections are up 5,770 MT from the previous week’s figure. Shipments are running 13.7% ahead of a year-ago. USDA projects exports in 2024-25 at 800 million bu., up 3.2% from the previous marketing year. |
| Soybeans | |
| Actual (MT) | 273,321 |
| Expectations (MT) | 200,000-400,000 |
| Comments | Export inspections are down 46,507 MT from last week’s tally. Inspections are running 15.9% behind a year ago, compared to 16.0% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |