Corn🔹(G+E%) 55
-6% WoW
Soybeans🔹(G+E%) 54
-5% WoW
Spring Wheat🔹(G+E%) 51
-9% WoW
Winter Wheat🔹(G+E%) 38
+0% WoW
Export Inspections
Corn- 877,310 MT Corn inspections compared to last week’s tally, export inspections have decreased by 292,804 MT. Currently, inspections are running 30.7% behind the levels seen a year ago, which is slightly less than the 30.9% decrease observed last week. According to USDA projections, exports for the marketing year 2022-23 are expected to reach 1.725 billion bushels, marking a 30.2% decline compared to the previous marketing year.
Soybeans- 185,184 MT Export inspections for soybeans last week increased by 37,612 MT. Currently, inspections are running 3.8% behind the levels observed a year ago, slightly higher than the 3.3% decrease recorded last week. According to USDA’s forecast for 2022-23, exports are projected to reach 2.000 billion bushels, representing a 7.3% decline compared to the previous marketing year of 2021-22.
Wheat- 237,820 MT Wheat shows a decrease of 10,138 MT in export inspections. A year ago, shipments are trailing by 43.6%, which is less than the 50.4% lag from last week. USDA anticipates a 6.5% decline in exports for the 2023-24 marketing year, projecting it at 725 million bu., lower than the previous year.
The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results.
