USDA’s Weekly Grain Export Inspections Week Ended May 26, 2022 | |
Corn | |
Actual (MT) | 1,390,851 |
Expectations (MT) | 1,000,000-1,800,000 |
Comments | Export inspections fell 361,610 MT from last week’s tally. Inspections are running 17.4% behind year-ago, which compares to 16.8% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
Wheat | |
Actual (MT) | 343,927 |
Expectations (MT) | 250,000-500,000 |
Comments | Export inspections increased 68,386 MT from the previous week’s figure. Shipments are running 21.1% behind year-ago, which compares to 21.3% behind last week. USDA projects exports in 2021-22 at 810 million bu., down 18.9% from the previous marketing year. |
Soybeans | |
Actual (MT) | 378,262 |
Expectations (MT) | 300,000-800,000 |
Comments | Export inspections declined 202,805 MT from last week’s tally. Inspections are running 12.7% behind year-ago, compared to 13.1% last week. USDA’s 2021-22 export forecast of 2.140 billion bu. is 5.4% below 2020-21. |