USDA’s Weekly Grain Export Inspections Week Ended Aug. 8, 2024 | |
Corn | |
Actual (MT) | 974,677 |
Expectations (MT) | 800,000-1,300,000 |
Comments | Export inspections are down 297,450 MT from last week’s tally. Inspections are running 37.1% ahead of a year ago, compared to 36.0% ahead last week. USDA projects exports in 2023-24 at 2.225 billion bu., 33.9% above the previous marketing year. |
Wheat | |
Actual (MT) | 649,199 |
Expectations (MT) | 300,000-525,000 |
Comments | Export inspections are up 178,717 MT from the previous week’s figure. Shipments are running 26.7% ahead of year-ago, compared to 15.7% ahead last week. USDA projects exports in 2024-25 at 825 million bu., up 16.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 326,546 |
Expectations (MT) | 250,000-400,000 |
Comments | Export inspections are up 59,663 MT from last week’s tally. Inspections are running 15.3% behind a year ago, compared to 15.3% behind last week. USDA’s 2023-24 export forecast of 1.700 billion bu., which is 14.1% below 2022-23. |