USDA’s Weekly Grain Export Inspections Week Ended July 20, 2023 | |
Corn | |
Actual (MT) | 309,981 |
Expectations (MT) | 250,000-600,000 |
Comments | Export inspections are down 101,449 MT from last week’s tally. Inspections are running 33.0% behind a year-ago, compared to 32.7% behind last week. USDA projects exports in 2022-23 at 1.725 billion bu., 30.2% below the previous marketing year. |
Wheat | |
Actual (MT) | 358,796 |
Expectations (MT) | 150,000-350,000 |
Comments | Export inspections are up 85,621 MT from the previous week’s figure. Shipments are running 16.9% behind a year-ago, compared to 16.2% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 283,378 |
Expectations (MT) | 100,000-300,000 |
Comments | Export inspections are up 123,073 MT from last week’s tally. Inspections are running 5.5% behind a year ago, compared to 5.3% behind last week. USDA’s 2022-23 export forecast of 2.000 billion bu. is 7.3% below 2021-22. |