USDA’s Weekly Grain Export Inspections Week Ended May 9, 2024 | |
Corn | |
Actual (MT) | 937,729 |
Expectations (MT) | 575,000-1,450,000 |
Comments | Export inspections are down 361,279 MT from last week’s tally. Inspections are running 30.3% ahead of a year ago, compared to 32.6% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 366,339 |
Expectations (MT) | 275,000-500,000 |
Comments | Export inspections are down 27,465 MT from the previous week’s figure. Shipments are running 5.8% behind a year-ago, compared to 6.5% behind last week. USDA projects exports in 2023-24 at 720 million bu., down 5.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 406,052 |
Expectations (MT) | 200,000-400,000 |
Comments | Export inspections are up 47,970 MT from last week’s tally. Inspections are running 17.7% behind a year ago, compared to 18.2% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |