Corn, wheat export inspections in line with expectations
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USDA’s Weekly Grain Export Inspections Week Ended July 7, 2022 |
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|
Corn |
|
|
Actual (MT) |
933,725 |
|
Expectations (MT) |
725,000-1,100,000 |
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Comments |
Export inspections increased 57,3391 MT from last week’s tally. Inspections are running 17.0% behind year-ago, which compares to 17.5% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
309,802 |
|
Expectations (MT) |
250,000-450,000 |
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Comments |
Export inspections are up 36,862 from the previous week’s figure. Shipments are running 17.8% behind year-ago, compared with 23.9% behind year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.7% from the previous marketing year. |
|
Soybeans |
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|
Actual (MT) |
356,716 |
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Expectations (MT) |
375,000-575,000 |
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Comments |
Export inspections declined 80,602 MT from last week’s tally. Inspections are running 9.7% behind year-ago, compared to 10.2% last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |
