USDA’s Weekly Grain Export Inspections Week Ended May 16, 2024 | |
Corn | |
Actual (MT) | 1,210,541 |
Expectations (MT) | 900,000-1,200,000 |
Comments | Export inspections are up 205,970 MT from last week’s tally. Inspections are running 28.6% ahead of a year ago, compared to 30.3% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 205,612 |
Expectations (MT) | 300,000-500,000 |
Comments | Export inspections are down 177,446 MT from the previous week’s figure. Shipments are running 6.8% behind a year-ago, compared to 5.8% behind last week. USDA projects exports in 2023-24 at 720 million bu., down 5.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 184,128 |
Expectations (MT) | 200,000-425,000 |
Comments | Export inspections are down 248,940 MT from last week’s tally. Inspections are running 17.6% behind a year ago, compared to 17.7% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |