USDA’s Weekly Grain Export Inspections Week Ended Aug. 22, 2024 | |
Corn | |
Actual (MT) | 894,295 |
Expectations (MT) | 750,000-1,350,000 |
Comments | Export inspections fell 312,404 MT from last week’s tally. Inspections are running 38.7% ahead of a year ago, compared to 38.5% ahead last week. USDA projects exports in 2023-24 at 2.250 billion bu., 35.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 537,179 |
Expectations (MT) | 300,000- 600,000 |
Comments | Export inspections increased 164,472 MT from the previous week’s figure. Shipments are running 27.7% ahead of year-ago, compared to 26.0% ahead last week. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 411,165 |
Expectations (MT) | 300,000- 450,000 |
Comments | Export inspections rose 5,537 MT from last week’s tally. Inspections are running 14.8% behind a year ago, compared to 15.1% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., down 14.1% from 2022-23. |