Big increase in soybean, corn export inspections
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USDA’s Weekly Grain Export Inspections Week Ended Oct. 14, 2021 |
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Corn |
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Actual (MT) |
976,218 |
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Expectations (MT) |
650,000-850,000 |
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Comments |
Inspections rose 133,370 MT from last week’s tally, which was revised nearly 96,648 MT higher than initially reported. Early in the 2021-22 marketing year, inspections are running 25.5% behind year-ago, which compares to 35.7% 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 |
|
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Actual (MT) |
139,753 |
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Expectations (MT) |
300,000-550,000 |
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Comments |
Export inspections fell 306,899 MT from last week’s tally. So far this marketing year, shipments are running 12.7% behind year-ago vs. 12.1% behind year-ago last week. USDA projects exports in 2021-22 at 875 million bu., 11.8% below 2020-21. |
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Soybeans |
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Actual (MT) |
2,298,315 |
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Expectations (MT) |
1,600,000-2,100,000 |
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Comments |
Export inspections surged 555,178 MT from last week’s tally. Early in the 2021-22 marketing year, inspections are running 50.6% behind year-ago, which compares to 64.0% behind year-ago the week prior. USDA’s 2021-22 export forecast of 2.090 billion bu. is 7.7% below 2020-21. |
