Crop Progress Spring Wheat, Beans & Corn Break 90%

Export Inspections shows Wheat get a rough start to the MY.

Corn💠96% Planted 

Soybeans💠91% Planted

Spring Wheat 💠93% Planted

Winter Wheat Heading💠82%

Corn Export Inspections

1.181M MT

Export inspections are down 165,438 MT from last week’s tally. Inspections are running 31.7% behind a year-ago, compared to 32.2% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year.

Wheat Export Inspections

291,599 MT

Export inspections are down 99,693 MT from the previous week’s figure. Shipments are running 74.6% behind a year-ago. USDA projects exports in 2023-24 at 725 million bu., down 6.5% from the previous marketing year.

Soybean Export Inspections

214,217 MT

Export inspections are down 28,819 MT from last week’s tally. Inspections are running 2.5% behind a year ago, compared to 2.2% behind last week. USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22.