Corn, soybean export inspections decline from the previous week
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USDA’s Weekly Grain Export Inspections Week Ended Dec. 23, 2021 |
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|
Corn |
|
|
Actual (MT) |
719,031 |
|
Expectations (MT) |
875,000-1,300,000 |
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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. |
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Wheat |
|
|
Actual (MT) |
271,349 |
|
Expectations (MT) |
200,000-800,000 |
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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. |
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Soybeans |
|
|
Actual (MT) |
1,577,417 |
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Expectations (MT) |
1,000,000-1,800,000 |
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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. |
