USDA’s Weekly Grain Export Inspections Week Ended Dec. 8, 2022 | |
Corn | |
Actual (MT) | 505,014 |
Expectations (MT) | 400,000-675,000 |
Comments | Export inspections are down 319,415 MT from last week’s tally. Inspections are running 30.9% behind a year-ago, compared to 32.7% behind last week. USDA projects exports in 2022-23 at 2.075 billion bu., 16% below the previous marketing year. |
Wheat | |
Actual (MT) | 218,460 |
Expectations (MT) | 200,000-475,000 |
Comments | Export inspections are down 123,214 MT from the previous week’s figure. Shipments are running 2.5% behind a year-ago, compared with 2.2% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
Soybeans | |
Actual (MT) | 1,839,761 |
Expectations (MT) | 1,500,000-2,000,000 |
Comments | Export inspections are down 240,264 MT from last week’s tally. Inspections are running 8.4% behind a year ago, compared to 10.9% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
Wheat export inspections prove shallow
Weekly export inspections for Dec. 8, revealed corn and wheat on the shallow-end of expectations, while soybeans proved mid-range. Each were notably lower than the previous week’s data.
(Farm Journal)