Corn export inspections increase

( )

 

USDA’s Weekly Grain Export Inspections

Week Ended April 21, 2022

Corn

Actual (MT)

1,650,844

Expectations (MT)

1,000,000-1,500,000

Comments

Export inspections increased 475,446 MT from last week’s tally, which was increased 36,192 MT from the original figure. Inspections are running 15.8% behind year-ago, which compares to 15.9% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year.

Wheat

Actual (MT)

287,997

Expectations (MT)

300,000-475,000

Comments

Export inspections decreased 158,228 MT from the previous week’s figure, which was increased 13,972 MT from the original figure. Shipments are running 19.0% behind year-ago, which compares to 18.2% behind last week. USDA projects exports in 2021-22 at 785 million bu., down 20.9% from the previous marketing year.

Soybeans

Actual (MT)

602,178

Expectations (MT)

600,000-1,075,000

Comments

Export inspections decreased 401,925 MT from last week’s tally, which was increased 31,594 MT from the original figure. Inspections are running 16.1% behind year-ago, compared to 16.8% last week. USDA’s 2021-22 export forecast of 2.115 billion bu. is 6.5% below 2020-21.

 

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