Wheat 💠 168,543 MT
Weekly wheat inspections fall outside of the pre-report range.
168,543 MT of wheat export inspections were reported for the week ending March 30, exceeding the low end of the pre-report range by more than 130,000 MT. While impressive, corn inspections are still running over 37% behind where they were last year.
CORN-From last week’s total, there have been 409,275 more export inspections. Compared to previous week, when inspections were 36.1% behind schedule, they are now 36.7% behind schedule. The USDA predicts 1.850 billion bu. in exports in 2022–2023—a 25.1% decrease from the prior marketing year.
SOYBEANS-Inspections of soybeans decreased by 235,310 MT from the prior week’s total. Compared to 1.6% behind a year ago last week, shipments are running 2.1% behind schedule. USDA forecasts 775 million bu. in exports in 2022–2023—a 3.1% decrease from the prior marketing year.
WHEAT-The number of export inspections has decreased by 393,032 MT from previous week. Compared to 2.9% ahead last week, inspections are currently 2.8% ahead of where they were a year ago. USDA predicts 2.015 billion bu. in exports in 2022–23, which is 6.6% less than in 2021–22.
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