Big decline in weekly soybean export inspections
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USDA’s Weekly Grain Export Inspections Week Ended Dec. 9, 2021 |
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|
Corn |
|
|
Actual (MT) |
810,395 |
|
Expectations (MT) |
700,000-1,200,000 |
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Comments |
Inspections increased 35,437 MT from last week’s figure, which was modestly revised higher. Inspections are running 15.6% behind year-ago, which compares to 16.0% behind year-ago last week. USDA's 2021-22 export forecast of 2.500 billion bu. is 9.2% below 2020-21. |
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Wheat |
|
|
Actual (MT) |
245,090 |
|
Expectations (MT) |
150,000-400,000 |
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Comments |
Export inspections eased slightly from the previous week’s figure. Shipments are running 17.1% behind year-ago, which compares to 17.3% behind last week. USDA projects exports in 2021-22 at 840 million bu., 15.3% below 2020-21. |
|
Soybeans |
|
|
Actual (MT) |
1,723,970 |
|
Expectations (MT) |
1,900,000-2,300,000 |
|
Comments |
Export inspections dropped 610,151 MT from last week’s tally, which was revised up 87,457 MT from the initial figure. Inspections are running 21.3% behind year-ago, which compares to 21.1% behind year-ago the week prior. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
