Corn export inspections increase, above expectations
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USDA’s Weekly Grain Export Inspections Week Ended Feb. 10, 2022 |
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Corn |
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Actual (MT) |
1,455,106 |
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Expectations (MT) |
950,000-1,400,000 |
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Comments |
Export inspections increased 390,088 MT from last week’s figure, which was revised up 11,816 MT from the original figure. Inspections are running 12.5% behind year-ago, which compares to 13.9% behind last week. USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year. |
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Wheat |
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Actual (MT) |
435,188 |
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Expectations (MT) |
200,000-550,000 |
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Comments |
Export inspections were up 1,267 MT from the previous week’s figure, which was increased 16,171 MT from the original figure. Shipments are running 17.1% behind year-ago, which compares to 17.8% behind last week. USDA projects exports in 2021-22 at 810 million bu., down 18.3% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
1,154,958 |
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Expectations (MT) |
1,000,000-1,500,000 |
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Comments |
Export inspections declined 85,541 MT from last week’s tally, which was increased 22,508 MT. Inspections remain running 22.8% behind year-ago, compared to 23.8% last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
