USDA’s Weekly Grain Export Inspections Week Ended Feb. 8, 2024 | |
Corn | |
Actual (MT) | 880,074 |
Expectations (MT) | 425,000-950,000 |
Comments | Export inspections are up 234,580 MT from last week’s tally. Inspections are running 31.1% ahead of a year ago, compared to 29.8% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 407,476 |
Expectations (MT) | 200,000-500,000 |
Comments | Export inspections are up 111,936 MT from the previous week’s figure. Shipments are running 18.0% behind a year-ago, compared to 18.4% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 1,326,243 |
Expectations (MT) | 600,000-1,450,000 |
Comments | Export inspections are down 424,378 MT from last week’s tally. Inspections are running 22.7% behind a year ago, compared to 26.3% behind last week. USDA’s 2023-24 export forecast of 1.720 billion bu., which is 13.7% below 2022-23. |