USDA’s Weekly Grain Export Inspections Week Ended Dec. 29, 2022 | |
Corn | |
Actual (MT) | 667,010 |
Expectations (MT) | 650,000-900,000 |
Comments | Export inspections are down 255,132 MT from last week’s tally. Inspections are running 28.0% behind a year-ago, compared to 28.0% behind last week. USDA projects exports in 2022-23 at 2.075 billion bu., 16% below the previous marketing year. |
Wheat | |
Actual (MT) | 85,672 |
Expectations (MT) | 250,000-450,000 |
Comments | Export inspections are down 228,035 MT from the previous week’s figure. Shipments are running 3.0% behind a year-ago, compared with 2.0% 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) | 1,462,882 |
Expectations (MT) | 1,500,000-1,865,000 |
Comments | Export inspections are down 312,017 MT from last week’s tally. Inspections are running 7.0% behind a year ago, compared to 7.0% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
Wheat, soybean export inspections miss low-end expectations
Corn, wheat and soybean export inspections for week ended Dec. 29 fell notably below the previous week. Wheat and soybeans fell below expectations, while corn landed just above low range.
