Grain export inspections within range of expectations but down from week-ago
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USDA’s Weekly Grain Export Inspections Week Ended May 5, 2022 |
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Corn |
|
|
Actual (MT) |
1,392,685 |
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Expectations (MT) |
1,000,000-1,700,000 |
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Comments |
Export inspections declined 303,496 MT from last week’s tally. Inspections are running 16.2% behind year-ago, which compares to 16.1% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
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Wheat |
|
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Actual (MT) |
236,847 |
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Expectations (MT) |
100,000-425,000 |
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Comments |
Export inspections decreased 155,596 MT from the previous week’s figure. Shipments are running 20.0% behind year-ago, which compares to 19.1% behind last week. USDA projects exports in 2021-22 at 785 million bu., down 20.9% from the previous marketing year. |
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Soybeans |
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|
Actual (MT) |
503,414 |
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Expectations (MT) |
400,000-885,000 |
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Comments |
Export inspections decreased 101,297 MT from last week’s tally. Inspections are running 14.7% behind year-ago, compared to 15.2% last week. USDA’s 2021-22 export forecast of 2.115 billion bu. is 6.5% below 2020-21. |
