USDA’s Weekly Grain Export Inspections Week Ended July 11, 2024 | |
Corn | |
Actual (MT) | 1,078,911 |
Expectations (MT) | 800,000-1,100,000 |
Comments | Export inspections are up 55,006 MT from last week’s tally. Inspections are running 31.3% ahead of a year ago, compared to 29.7% ahead last week. USDA projects exports in 2023-24 at 2.225 billion bu., 33.9% above the previous marketing year. |
Wheat | |
Actual (MT) | 533,828 |
Expectations (MT) | 275,000-500,000 |
Comments | Export inspections are up 190,469 MT from the previous week’s figure. Shipments are running 26.3% ahead of a year-ago. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 168,593 |
Expectations (MT) | 200,000-400,000 |
Comments | Export inspections are down 125,616 MT from last week’s tally. Inspections are running 15.8% behind a year ago, compared to 15.9% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.1% below 2022-23. |