USDA’s Weekly Grain Export Inspections Week Ended July 27, 2023 | |
Corn | |
Actual (MT) | 522,927 |
Expectations (MT) | 250,000-550,000 |
Comments | Export inspections are up 193,154 MT from last week’s tally. Inspections are running 33.0% behind a year-ago, compared to 33.0% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
Wheat | |
Actual (MT) | 581,278 |
Expectations (MT) | 200,000-425,000 |
Comments | Export inspections are up 220,143 MT from the previous week’s figure. Shipments are running 4.8% behind a year-ago, compared to 16.9% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 329,518 |
Expectations (MT) | 100,000-400,000 |
Comments | Export inspections are up 41,034 MT from last week’s tally. Inspections are running 5.9% behind a year ago, compared to 5.5% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |