USDA’s Weekly Grain Export Inspections Week Ended March 16, 2023 | |
Corn | |
Actual (MT) | 1,188,666 |
Expectations (MT) | 600,000-1,475,000 |
Comments | Export inspections are up 173,491 MT from last week’s tally. Inspections are running 36.1% behind a year-ago, compared to 37.0% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
Wheat | |
Actual (MT) | 374,224 |
Expectations (MT) | 200,000-500,000 |
Comments | Export inspections are up 117,323 MT from the previous week’s figure. Shipments are running 1.6% behind a year-ago, compared with 2.0% 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) | 716,618 |
Expectations (MT) | 350,000-800,000 |
Comments | Export inspections are up 83,251 MT from last week’s tally. Inspections are running 2.9% ahead of a year ago, compared to 2.5% ahead last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |