USDA’s Weekly Grain Export Inspections Week Ended April 25, 2024 | |
Corn | |
Actual (MT) | 1,225,952 |
Expectations (MT) | 985,000-1,400,000 |
Comments | Export inspections are down 435,492 MT from last week’s tally. Inspections are running 32.3% ahead of a year ago, compared to 35.5% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 481,183 |
Expectations (MT) | 300,000-550,000 |
Comments | Export inspections are up 30,860 MT from the previous week’s figure. Shipments are running 7.3% behind a year-ago, compared to 8.0% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 250,332 |
Expectations (MT) | 185,000-500,000 |
Comments | Export inspections are down 193,176 MT from last week’s tally. Inspections are running 18.4% behind a year ago, compared to 18.2% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |