USDA’s Weekly Grain Export Inspections Week Ended Jan. 25, 2024 | |
Corn | |
Actual (MT) | 901,958 |
Expectations (MT) | 700,000-1,100,000 |
Comments | Export inspections are up 155,025 MT from last week’s tally. Inspections are running 29.8% ahead of a year ago, compared to 27.7% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 264,666 |
Expectations (MT) | 350,000-550,000 |
Comments | Export inspections are down 50,520 MT from the previous week’s figure. Shipments are running 16.9% behind a year-ago, compared to 16.1% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 889,717 |
Expectations (MT) | 500,000-1,300,000 |
Comments | Export inspections are down 295,239 MT from last week’s tally. Inspections are running 23.6% behind a year ago, compared to 21.9% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 10.9% below 2022-23. |