Corn, soybean export inspections as expected
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USDA’s Weekly Grain Export Inspections Week Ended July 14, 2022 |
|
|
Corn |
|
|
Actual (MT) |
1,073,972 |
|
Expectations (MT) |
700,000-1,150,000 |
|
Comments |
Export inspections up 139,439 MT from last week’s tally. Inspections are running 16.7% behind year-ago, which compares to 17% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year. |
|
Wheat |
|
|
Actual (MT) |
185,989 |
|
Expectations (MT) |
250,000-525,000 |
|
Comments |
Export inspections down 124,013 MT from the previous week’s figure. Shipments are running 26.6% behind year-ago, compared with 18% behind year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.7% from the previous marketing year. |
|
Soybeans |
|
|
Actual (MT) |
362,622 |
|
Expectations (MT) |
100,000-575,000 |
|
Comments |
Export inspections are up 4,095 MT from last week’s tally. Inspections are running 9.3% behind year-ago, compared to 10% last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |
