USDA’s Weekly Grain Export Inspections Week Ended March 21, 2024 | |
Corn | |
Actual (MT) | 1,227,955 |
Expectations (MT) | 900,000-1,350,000 |
Comments | Export inspections are down 98,332 MT from last week’s tally. Inspections are running 33.6% ahead of a year ago, compared to 31.3% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 315,395 |
Expectations (MT) | 250,000-500,000 |
Comments | Export inspections are down 79,084 MT from the previous week’s figure. Shipments are running 15.1% behind a year-ago, compared to 15.6% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 768,711 |
Expectations (MT) | 400,000-1,000,000 |
Comments | Export inspections are up 68,466 MT from last week’s tally. Inspections are running 18.7% behind a year ago, compared to 18.8% behind last week. USDA’s 2023-24 export forecast of 1.720 billion bu., which is 13.7% below 2022-23. |