Corn inspections tank amid Hurricane Ida disruptions

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Soybean inspections were also quite light, though that has been the trend in recent months. Wheat inspections were solid, thanks in large part to more of the grain shipping out of the Pacific Northwest compared with corn and soybeans.

USDA’s Weekly Grain Export Inspections

Week Ended Sept. 9, 2021

Corn

Actual (MT)

138,189

Expectations (MT)

250,000-600,000

Comments

Inspections were less than half of last week’s already light tally and nearly 801,000 MT under year-ago levels. At the start of the 2021-22 marketing year, inspections are running 85.3% behind year-ago. USDA's 2021-22 export forecast of 2.475 billion bu. is 9.8% below 2020-21.

Wheat

Actual (MT)

547,943

Expectations (MT)

200,000-500,000

Comments

Export inspections climbed 135,300 MT from last week’s tally, which was revised nearly 31,100 MT higher. So far this marketing year, shipments are running 13.4% behind year-ago vs. 13.1% behind year-ago last week. USDA projects exports in 2021-22 at 875 million bu., 11.8% below 2020-21.

Soybeans

Actual (MT)

105,368

Expectations (MT)

75,000-300,000

Comments

Export inspections edged up nearly 15,000 MT from last week’s tally that was revised 22,544 MT higher. Early in the 2021-22 marketing year, inspections are running 94.1% behind year-ago. USDA’s 2021-22 export forecast of 2.090 billion bu. is 7.5% below 2020-21.

 

 

 

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