USDA’s Weekly Grain Export Inspections Week Ended May 25, 2023 | |
Corn | |
Actual (MT) | 1,313,411 |
Expectations (MT) | 600,000-1,400,000 |
Comments | Export inspections are down 12,870 MT from last week’s tally. Inspections are running 32.2% behind a year-ago, compared to 33.1% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
Wheat | |
Actual (MT) | 382,031 |
Expectations (MT) | 200,000-600,000 |
Comments | Export inspections are down 58,063 MT from the previous week’s figure. Shipments are running 2.2% behind a year-ago, compared with 2.6% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 239,736 |
Expectations (MT) | 100,000-400,000 |
Comments | Export inspections are up 73,146 MT from last week’s tally. Inspections are running 2.2% behind a year ago, compared to 1.9% behind last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |