USDA’s Weekly Grain Export Inspections Week Ended Nov. 2, 2023 | |
Corn | |
Actual (MT) | 535,191 |
Expectations (MT) | 175,000-400,000 |
Comments | Export inspections are down 5,594 MT from last week’s tally. Inspections are running 22.8% ahead of a year ago, compared to 17.3% ahead last week. USDA projects exports in 2023-24 at 2.025 billion bu., 21.9% above the previous marketing year. |
Wheat | |
Actual (MT) | 71,608 |
Expectations (MT) | 175,000-400,000 |
Comments | Export inspections are down 126,690 MT from the previous week’s figure. Shipments are running 26.8% behind a year-ago, compared to 26.3% last week. USDA projects exports in 2023-24 at 700 million bu., down 7.8% from the previous marketing year. |
Soybeans | |
Actual (MT) | 2,085,419 |
Expectations (MT) | 1,750,000-2,350,000 |
Comments | Export inspections are up 8,012 MT from last week’s tally. Inspections are running 5.0% behind a year ago, compared to 2.7% ahead last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 11.9% below 2023-22. |