USDA’s Weekly Grain Export Inspections Week Ended April 18, 2024 | |
Corn | |
Actual (MT) | 1,623,532 |
Expectations (MT) | 850,000-1,500,000 |
Comments | Export inspections are up 270,017 MT from last week’s tally. Inspections are running 35.5% ahead of a year ago, compared to 33.7% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 450,275 |
Expectations (MT) | 300,000-650,000 |
Comments | Export inspections are down 169,864 MT from the previous week’s figure. Shipments are running 8.0% behind a year-ago, compared to 9.0% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 435,256 |
Expectations (MT) | 300,000-500,000 |
Comments | Export inspections are down 11,314 MT from last week’s tally. Inspections are running 18.2% behind a year ago, compared to 18.5% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |