USDA’s Weekly Grain Export Inspections Week Ended Oct. 19, 2023 | |
Corn | |
Actual (MT) | 437,549 |
Expectations (MT) | 350,000-650,000 |
Comments | Export inspections are down 29,055 MT from last week’s tally. Inspections are running 16.7% ahead of a year ago, compared to 19.2% ahead last week. USDA projects exports in 2023-24 at 2.025 billion bu., 21.9% above the previous marketing year. |
Wheat | |
Actual (MT) | 168,868 |
Expectations (MT) | 275,000-500,000 |
Comments | Export inspections are down 187,174 MT from the previous week’s figure. Shipments are running 27.2% behind a year-ago, compared to 28.0% last week. USDA projects exports in 2023-24 at 700 million bu., down 7.8% from the previous marketing year. |
Soybeans | |
Actual (MT) | 2,458,955 |
Expectations (MT) | 1,500,000-2,500,000 |
Comments | Export inspections are up 419,446 MT from last week’s tally. Inspections are running 3.3% ahead of a year ago, compared to 14.5% ahead last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 11.9% below 2023-22. |