USDA’s Weekly Grain Export Inspections Week Ended March 14, 2024 | |
Corn | |
Actual (MT) | 1,238,897 |
Expectations (MT) | 900,000-1,250,000 |
Comments | Export inspections are up 72,668 MT from last week’s tally. Inspections are running 31.3% ahead of a year ago, compared to 33.3% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 302,302 |
Expectations (MT) | 300,000-500,000 |
Comments | Export inspections are down 164,665 MT from the previous week’s figure. Shipments are running 15.6% behind a year-ago, compared to 15.9% behind last week. USDA projects exports in 2023-24 at 710 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 686,181 |
Expectations (MT) | 300,000-1,150,000 |
Comments | Export inspections are down 98,672 MT from last week’s tally. Inspections are running 18.8% behind a year ago, compared to 19.9% behind last week. USDA’s 2023-24 export forecast of 1.720 billion bu., which is 13.7% below 2022-23. |