USDA’s Weekly Grain Export Inspections Week Ended Jan. 4, 2023 | |
Corn | |
Actual (MT) | 856,597 |
Expectations (MT) | 500,000-975,000 |
Comments | Export inspections are up 286,740 MT from last week’s tally. Inspections are running 28.0% ahead of a year ago, compared to 24.5% ahead last week. USDA projects exports in 2023-24 at 2.100 billion bu., 26.4% above the previous marketing year. |
Wheat | |
Actual (MT) | 491,074 |
Expectations (MT) | 200,000-350,000 |
Comments | Export inspections are up 214,641 MT from the previous week’s figure. Shipments are running 16.3% behind a year-ago, compared to 19.0% behind last week. USDA projects exports in 2023-24 at 725 million bu., down 4.5% from the previous marketing year. |
Soybeans | |
Actual (MT) | 674,749 |
Expectations (MT) | 700,000-1,125,000 |
Comments | Export inspections are down 294,705 MT from last week’s tally. Inspections are running 20.8% behind a year ago, compared to 19.0% behind last week. USDA’s 2023-24 export forecast of 1.755 billion bu., which is 10.9% below 2022-23. |