USDA’s Weekly Grain Export Inspections Week Ended Dec. 21, 2023 | |
Corn | |
Actual (MT) | 1,081,777 |
Expectations (MT) | 450,000-925,000 |
Comments | Export inspections are up 121,925 MT from last week’s tally. Inspections are running 26.0% ahead of a year ago, compared to 26.8% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 428,663 |
Expectations (MT) | 250,000-400,000 |
Comments | Export inspections are up 143,871 MT from the previous week’s figure. Shipments are running 21.0% behind a year-ago, compared to 22.0% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 1,070,411 |
Expectations (MT) | 800,000-1,585,000 |
Comments | Export inspections are down 354,601 MT from last week’s tally. Inspections are running 18.5% behind a year ago, compared to 17.0% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 10.9% below 2022-23. |