Corn export inspections rise slightly from the previous week
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USDA’s Weekly Grain Export Inspections Week Ended Dec. 16, 2021 |
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Corn |
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Actual (MT) |
1,001,528 |
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Expectations (MT) |
600,000-1,200,000 |
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Comments |
Inspections increased 84,428 MT from last week’s figure, which was revised up 106,705 MT from the initial level. Inspections are running 12.0% behind year-ago, which compares to 15.6% 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) |
211,880 |
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Expectations (MT) |
200,000-400,000 |
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Comments |
Export inspections dropped 56,960 MT from the previous week’s figure. Shipments are running 17.7% behind year-ago, which compares to 17.1% behind last week. USDA projects exports in 2021-22 at 840 million bu., 15.3% below 2020-21. |
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Soybeans |
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Actual (MT) |
1,679,430 |
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Expectations (MT) |
1,500,000-2,100,000 |
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Comments |
Export inspections declined 67,543 MT from last week’s tally. Inspections are running 22.8% behind year-ago, which compares to 21.3% behind year-ago the week prior. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
