USDA’s Weekly Grain Export Inspections Week Ended Nov. 3, 2022 | |
Corn | |
Actual (MT) | 231,458 |
Expectations (MT) | 300,000-600,000 |
Comments | Export inspections are down 214,235 MT from last week’s tally. Inspections are running 27.5% behind a year-ago, compared to 23.4% behind last week. USDA projects exports in 2022-23 at 2.150 billion bu., 13% below the previous marketing year. |
Wheat | |
Actual (MT) | 180,991 |
Expectations (MT) | 200,000-450,000 |
Comments | Export inspections are 43,909 MT higher than the previous week’s figure. Shipments are running 0.9% behind a year-ago, compared with 0.2% 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) | 2,591,127 |
Expectations (MT) | 1,500,000-2,500,000 |
Comments | Export inspections are up 4,899 MT from last week’s tally. Inspections are running 9.7% behind a year ago, compared to 9.5% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
Soybean export inspections top expectations by over 90 MT
Weekly export inspections for week ended Nov. 3 revealed soybean inspections notably above the top-end estimate of 2.5 MMT, while corn and wheat each fell short of low-end expectations for the week.
(Farm Journal)