Corn, soybean export inspections decline from the previous week

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USDA’s Weekly Grain Export Inspections

Week Ended Dec. 23, 2021

Corn

Actual (MT)

719,031

Expectations (MT)

875,000-1,300,000

Comments

Inspections declined 282,497 MT from last week’s figure. Inspections are running 14.8% behind year-ago, which compares to 12.0% behind year-ago last week. USDA's 2021-22 export forecast of 2.500 billion bu. is 9.2% below 2020-21.

Wheat

Actual (MT)

271,349

Expectations (MT)

200,000-800,000

Comments

Export inspections increased 44,610 MT from the previous week’s figure, which was revised slightly higher. Shipments are running 18.0% behind year-ago, which compares to 17.7% behind last week. USDA projects exports in 2021-22 at 840 million bu., 15.3% below 2020-21.

Soybeans

Actual (MT)

1,577,417

Expectations (MT)

1,000,000-1,800,000

Comments

Export inspections declined 313,009 MT from last week’s tally, which was revised up 210,996 MT from the initial figure. Inspections are running 22.7% behind year-ago, which compares to 22.8% behind year-ago the week prior. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21.

 

 

 

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