USDA’s Weekly Grain Export Inspections Week Ended Oct. 13, 2022 | |
Corn | |
Actual (MT) | 448,423 |
Expectations (MT) | 375,000-625,000 |
Comments | Export inspections are down 8,943 MT from last week’s tally. Inspections are running 21% behind a year-ago, compared to 9.4% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
Wheat | |
Actual (MT) | 231,842 |
Expectations (MT) | 350,000-725,000 |
Comments | Export inspections are 384,026 MT lower than the previous week’s figure. Shipments are running 0.03 % ahead of a year-ago, compared with 0.7% behind year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 1,882,386 |
Expectations (MT) | 550,000-1,275,000 |
Comments | Export inspections are up 905,509 MT from last week’s tally. Inspections are running 22.6% behind a year ago, compared to 23% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
Soybean export inspections exceed expectations by over 600,000 MT
Weekly export inspections for week ended Oct. 13 reported a notable figure for soybeans, however the current pace is falling considerably behind last year’s. Wheat inspections fell short, with corn just above low range.
(Farm Journal)