USDA’s Weekly Grain Export Inspections Week Ended May 2, 2024 | |
Corn | |
Actual (MT) | 1,285,986 |
Expectations (MT) | 875,000-1,450,000 |
Comments | Export inspections are down 12,365 MT from last week’s tally. Inspections are running 32.6% ahead of a year ago, compared to 32.3% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 321,124 |
Expectations (MT) | 300,000-575,000 |
Comments | Export inspections are down 181,645 MT from the previous week’s figure. Shipments are running 6.5 % behind a year-ago, compared to 7.3% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 348,654 |
Expectations (MT) | 200,000-425,000 |
Comments | Export inspections are up 72,562 MT from last week’s tally. Inspections are running 18.2% behind a year ago, compared to 18.4% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |