USDA’s Weekly Grain Export Inspections Week Ended May 23, 2024 | |
Corn | |
Actual (MT) | 1,077,336 |
Expectations (MT) | 950,000-1,300,000 |
Comments | Export inspections are down 148,864 MT from last week’s tally. Inspections are running 26.4% ahead of a year ago, compared to 28.6% ahead last week. USDA projects exports in 2023-24 at 2.150 billion bu., 29.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 398,904 |
Expectations (MT) | 175,000-400,000 |
Comments | Export inspections are up 170,704 MT from the previous week’s figure. Shipments are running 6.5% behind a year-ago, compared to 6.8% behind last week. USDA projects exports in 2023-24 at 720 million bu., down 5.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 212,105 |
Expectations (MT) | 200,000-400,000 |
Comments | Export inspections are up 19,873 MT from last week’s tally. Inspections are running 17.5% behind a year ago, compared to 17.6% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.7% below 2022-23. |