USDA’s Weekly Grain Export Inspections Week Ended Dec. 15, 2022 | |
Corn | |
Actual (MT) | 743,420 |
Expectations (MT) | 450,000-900,000 |
Comments | Export inspections are up 226,003 MT from last week’s tally. Inspections are running 30.4% behind a year-ago, compared to 30.9% behind last week. USDA projects exports in 2022-23 at 2.075 billion bu., 16% below the previous marketing year. |
Wheat | |
Actual (MT) | 304,108 |
Expectations (MT) | 200,000-600,000 |
Comments | Export inspections are up 84,750 MT from the previous week’s figure. Shipments are running 1.8% behind a year-ago, compared with 2.5% behind a 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) | 1,619,850 |
Expectations (MT) | 1,500,000-2,120,000 |
Comments | Export inspections are down 258,428 MT from last week’s tally. Inspections are running 8.7% behind a year ago, compared to 8.4% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
Soybean export inspections prove low-range
Export inspections for week ended Dec. 15 proved mid-range for corn, while soybeans and wheat landed towards the lower end of pre-report expectations.
(Farm Journal)