USDA’s Weekly Grain Export Inspections Week Ended Nov. 16, 2023 | |
Corn | |
Actual (MT) | 553,899 |
Expectations (MT) | 450,000-850,000 |
Comments | Export inspections are down 153,475 MT from last week’s tally. Inspections are running 23.8% ahead of a year ago, compared to 23.1% ahead last week. USDA projects exports in 2023-24 at 2.025 billion bu., 21.9% above the previous marketing year. |
Wheat | |
Actual (MT) | 358,254 |
Expectations (MT) | 150,000-450,000 |
Comments | Export inspections are up 135,682 MT from the previous week’s figure. Shipments are running 24.0% behind a year-ago, compared to 25.6% last week. USDA projects exports in 2023-24 at 700 million bu., down 7.8% from the previous marketing year. |
Soybeans | |
Actual (MT) | 1,609,413 |
Expectations (MT) | 1,100,000-2,000,000 |
Comments | Export inspections are down 330,666 MT from last week’s tally. Inspections are running 8.3% behind a year ago, compared to 5.6% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 11.9% below 2023-22. |