USDA’s Weekly Grain Export Inspections Week Ended Oct. 26, 2023 | |
Corn | |
Actual (MT) | 531,516 |
Expectations (MT) | 350,000-600,000 |
Comments | Export inspections are up 82,255 MT from last week’s tally. Inspections are running 17.3% ahead of a year ago, compared to 16.7% ahead last week. USDA projects exports in 2023-24 at 2.025 billion bu., 21.9% above the previous marketing year. |
Wheat | |
Actual (MT) | 189,842 |
Expectations (MT) | 125,000-500,000 |
Comments | Export inspections are up 20,362 MT from the previous week’s figure. Shipments are running 26.3% behind a year-ago, compared to 27.2% last week. USDA projects exports in 2023-24 at 700 million bu., down 7.8% from the previous marketing year. |
Soybeans | |
Actual (MT) | 1,890,227 |
Expectations (MT) | 1,650,000-2,500,000 |
Comments | Export inspections are down 735,466 MT from last week’s tally. Inspections are running 2.7% behind a year ago, compared to 3.3% ahead last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 11.9% below 2023-22. |