USDA’s Weekly Grain Export Inspections Week Ended Dec. 14, 2023 | |
Corn | |
Actual (MT) | 947,418 |
Expectations (MT) | 550,000-950,000 |
Comments | Export inspections are up 222,088 MT from last week’s tally. Inspections are running 26.8% ahead of a year ago, compared to 28.1% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 284,792 |
Expectations (MT) | 200,000-400,000 |
Comments | Export inspections are down 32,364 MT from the previous week’s figure. Shipments are running 22.0% behind a year-ago, compared to 22.7% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 1,411,567 |
Expectations (MT) | 750,000-1,500,000 |
Comments | Export inspections are up 411,777 MT from last week’s tally. Inspections are running 17.0% behind a year ago, compared to 16.2% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 10.9% below 2022-23. |
Soybean, corn export inspections at top end of pre-report expectations
Wheat inspections were near the middle of the expected range.
(Chip Flory)