The amount of corn, soybeans and wheat inspected for export the week ending Feb. 18 declined from the week prior, but tallies were still well within the range of pre-report expectations. In fact, corn and soybean inspections were near the upper end of expectations and up notably from year-ago.
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USDA’s Weekly Grain Export Inspections Week Ended Feb. 18, 2021 |
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Corn |
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Actual (MT) |
1,231,810 |
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Expectations (MT) |
500,000-1,400,000 |
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Comments |
Inspections fell 83,150 MT from last week’s tally. Inspections are running 80.3% ahead of year-ago, which compares to 83.9% ahead of last year the week before. USDA's 2020-21 export forecast of 2.6 billion bu. is 46.2% above the year prior. |
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Wheat |
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Actual (MT) |
324,597 |
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Expectations (MT) |
300,000-550,000 |
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Comments |
Export inspections slipped 94,219 MT from last week’s tally that was revised nearly 26,300 MT higher. Shipments are running 2.2% behind year-ago versus 1.8% behind the week before. USDA projects exports in 2020-21 at 985 million bu., up 2.1% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
721,845 |
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Expectations (MT) |
300,000-950,000 |
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Comments |
Export inspections tumbled 200,336 MT from last week’s tally, which was revised 112,607 MT higher from what was initially reported. Inspections for 2020-21 are 76.6% ahead of year-ago, which compares to 77.2% ahead the week prior. USDA forecasts exports in 2020-21 at 2.25 billion bu., up 33.8% from 2019-20. |
