Corn export inspections decline but remain strong
|
USDA’s Weekly Grain Export Inspections Week Ended June 3, 2021 |
|
|
Corn |
|
|
Actual (MT) |
1,413,073 |
|
Expectations (MT) |
1,400,000-2,200,000 |
|
Comments |
Inspections declined 691,290 MT from last week’s tally, which was revised 55,146 MT higher. Inspections are running 75.4% ahead of year-ago, which compares to 77.8% ahead of last year the week before. USDA's 2020-21 export forecast of 2.775 billion bu. is 56.1% above the year prior. |
|
Wheat |
|
|
Actual (MT) |
418,547 |
|
Expectations (MT) |
230,000-450,000 |
|
Comments |
Export inspections increased 158,259 MT from last week’s tally. Shipments started the 2021-22 marketing year 45.3% behind year-ago. USDA projects exports in 2021-22 at 900 million bu., 6.7% below 2020-21. |
|
Soybeans |
|
|
Actual (MT) |
237,108 |
|
Expectations (MT) |
100,000-300,000 |
|
Comments |
Export inspections increased 42,977 MT from last week’s tally. Inspections for 2020-21 are 58.3% ahead of year-ago, which compares to 58.9% ahead the week prior. USDA forecasts exports in 2020-21 at 2.280 billion bu., up 35.6% from 2019-20. |
