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Grain Export Inspections; Soybeans and Wheat Lower, Corn Turns Higher

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USDA Export Inspections Week Ending 3/2

Corn Soy Wheat
Weekly USDA Export Inspections

 

Corn💠899,810 MT

Corn Export Inspections

Since last week, there have been 250,507 MT more export checks. In comparison to last week, inspections are currently 38.3% behind where they were a year ago. Exports are expected to total 1.925 billion bu. in 2022–2023, a 22.0% decrease from the prior marketing year.

 

Soybeans💠542,238 MT

Soybean Export

 

Export inspections decreased by 222,977 MT from the previous week’s total. Compared to previous week, when inspections were 3.4% ahead of a year ago, they are now 2.9% ahead. USDA predicts 1.990 billion bu. in exports in 2022–23, which is 8.0% less than in 2021–22.

 

Wheat 💠268,136 MT

Whear Inspections

 

Wheat export inspections this week decreased by 385,147 MT over the previous week. Compared to 1.7% behind a year ago last week, shipments are currently running 2.1% behind schedule. The USDA forecasts 775 million bu. in exports in 2022–2023—a 3.1% decrease from the prior marketing 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.

 

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