USDA’s Weekly Grain Export Inspections Week Ended July 18, 2024 | |
Corn | |
Actual (MT) | 970,539 |
Expectations (MT) | 795,000-1,150,000 |
Comments | Export inspections are down 121,692 MT from last week’s tally. Inspections are running 32.9% ahead of a year ago, compared to 31.3% ahead last week. USDA projects exports in 2023-24 at 2.225 billion bu., 33.9% above the previous marketing year. |
Wheat | |
Actual (MT) | 237,965 |
Expectations (MT) | 350,000-550,000 |
Comments | Export inspections are down 382,742 MT from the previous week’s figure. Shipments are running 20.2% 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) | 327,061 |
Expectations (MT) | 130,000-400,000 |
Comments | Export inspections are up 151,734 MT from last week’s tally. Inspections are running 15.6% behind a year ago, compared to 15.8% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.1% below 2022-23. |