USDA’s Weekly Grain Export Inspections Week Ended June 13, 2024 | |
Corn | |
Actual (MT) | 1,286,893 |
Expectations (MT) | 900,000-1,400,000 |
Comments | Export inspections are down 53,862 MT from last week’s tally. Inspections are running 26.5% ahead of a year ago, compared to 25.8% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 374,637 |
Expectations (MT) | 250,000-450,000 |
Comments | Export inspections are up 23,235 MT from the previous week’s figure. Shipments are running 21.2% ahead of year-ago, compared to 6.9% behind last week. USDA projects exports in 2024-25 at 800 million bu., up 3.2% from the previous marketing year. |
Soybeans | |
Actual (MT) | 334,237 |
Expectations (MT) | 200,000-400,000 |
Comments | Export inspections are up 100,176 MT from last week’s tally. Inspections are running 16.6% behind a year ago, compared to 17.0% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |