USDA’s Weekly Grain Export Inspections Week Ended May 30, 2024 | |
Corn | |
Actual (MT) | 1,374,391 |
Expectations (MT) | 975,000-1,200,000 |
Comments | Export inspections are up 244,063 MT from last week’s tally. Inspections are running 26.1% ahead of a year ago, compared to 26.4% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 416,010 |
Expectations (MT) | 250,000-450,000 |
Comments | Export inspections are up 17,106 MT from the previous week’s figure. Shipments are running 5.5% behind a year-ago, compared to 6.5% behind last week. USDA projects exports in 2023-24 at 720 million bu., down 5.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 348,644 |
Expectations (MT) | 175,000-350,000 |
Comments | Export inspections are up 126,647 MT from last week’s tally. Inspections are running 17.2% behind a year ago, compared to 17.5% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |