Corn export inspections miss low-end expectations
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USDA’s Weekly Grain Export Inspections Week Ended Jan. 26, 2022 |
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Corn |
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Actual (MT) |
527,932 |
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Expectations (MT) |
600,000-950,000 |
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Comments |
Export inspections are down 200,860 MT from last week’s tally. Inspections are running 30.4% behind a year-ago, compared to 30.3% behind last week. USDA projects exports in 2022-23 at 1.925 billion bu., 22.0% below the previous marketing year. |
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Wheat |
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Actual (MT) |
445,433 |
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Expectations (MT) |
275,000-475,000 |
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Comments |
Export inspections are up 96,040 MT from the previous week’s figure. Shipments are running 2.9% behind a year-ago, compared with 3.6% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
1,855,293 |
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Expectations (MT) |
900,000-1,900,000 |
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Comments |
Export inspections are up 16,576 MT from last week’s tally. Inspections are running 1.3% behind a year ago, compared to 2.7% behind last week. USDA’s 2022-23 export forecast of 1.990 billion bu. is 8.0% below 2021-22. |
