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USDA Grain Export Inspections, Corn Sees a solid Week

grain export

USDA Grain Export Inspections for week ending 3/9

 

Corn💠999,388 MT

Soybeans💠618,833 MT

Wheat 💠249,017 MT

 

 

Corn Export Inspections are up 66,076 MT from last week’s tally. Inspections are running 37.0% behind a year-ago, compared to 38.3% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous MY.

 

USDA CORN

g

Wheat has dropped down 92,070 MT from the previous week’s figure. Shipments are running 2.0% behind a year-ago, compared with 2.1% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous MY

Wheat Export

 

 

g

 

Soybeans are up 66,415 MT from last week’s numbers. Inspections are running 2.5% ahead of a year ago, compared to 2.9% ahead last week.

USDA’s 2022-23 export forecast of 2.015 billion bu. is 6.6% below 2021-22.

Soybeans

 

 

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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