USDA’s Weekly Grain Export Inspections Week Ended June 20, 2024 | |
Corn | |
Actual (MT) | 1,117,698 |
Expectations (MT) | 850,000-1,400,000 |
Comments | Export inspections are down 263,105 MT from last week’s tally. Inspections are running 28.1% ahead of a year ago, compared to 26.5% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 342,692 |
Expectations (MT) | 300,000-500,000 |
Comments | Export inspections are down 67,372 MT from the previous week’s figure. Shipments are running 38.3% ahead of a year-ago. USDA projects exports in 2024-25 at 800 million bu., up 3.2% from the previous marketing year. |
Soybeans | |
Actual (MT) | 342,293 |
Expectations (MT) | 200,000-400,000 |
Comments | Export inspections are up 1,123 MT from last week’s tally. Inspections are running 16.2% behind a year ago, compared to 16.6% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |