USDA’s Weekly Grain Export Inspections Week Ended May 11, 2023 | |
Corn | |
Actual (MT) | 1,173,783 |
Expectations (MT) | 700,000-1,200,000 |
Comments | Export inspections are up 199,333 MT from last week’s tally. Inspections are running 33.4% behind a year-ago, compared to 34.7% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
Wheat | |
Actual (MT) | 242,269 |
Expectations (MT) | 125,000-350,000 |
Comments | Export inspections are up 27,731 MT from the previous week’s figure. Shipments are running 3.4% behind a year-ago, compared with 3.0% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 147,897 |
Expectations (MT) | 150,000-500,000 |
Comments | Export inspections are down 249,894 MT from last week’s tally. Inspections are running 1.1% behind a year ago, compared to 0.2% ahead last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22. |