USDA Grain Export Inspections
Soybeans Inspected Lowest Since October ’22
Corn export inspections is down 51,173 MT from the previous week. Comparatively to last week, inspections are now 38.3% behind where they were a year ago. The USDA forecasts 1.925 billion bu. in exports in 2022–2023—a 22.0% decrease from the prior marketing year.
The number of export inspections has decreased by 892,909 MT from previous week. Compared to 3.5% ahead last week, inspections are currently 3.4% ahead of where they were a year ago. 1.990 billion bu., the USDA’s 2022–23 export prediction, is 8.0% less than 2021–22.
Wheat 💠591,725 MT
From the previous week’s total, export inspections increased by 217,298 MT. Shipments are currently running 1.7% behind a year ago, as opposed to 2.8% last week. Exports are expected to total 775 million bu. in 2022–2023, a 3.1% decrease from the prior marketing year.
GRAIN 02/23/2023 02/16/2023 02/24/2022 TO DATE TO DATE
CORN 572,622 623,795 1,555,227 14,308,175 23,204,995
SOYBEANS 690,984 1,583,893 739,465 42,084,142 40,708,724
WHEAT 591,725 374,427 429,984 15,252,238 15,510,216
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