Corn, soybean export inspections prove notable
USDA’s Weekly Grain Export Inspections Week Ended Jan. 12, 2022 |
|
Corn |
|
Actual (MT) |
774,461 |
Expectations (MT) |
400,000-700,000 |
Comments |
Export inspections are up 373,353 MT from last week’s tally. Inspections are running 29.7% behind a year-ago, compared to 29.0% behind last week. USDA projects exports in 2022-23 at 1.925 billion bu., 22.0% below the previous marketing year. |
Wheat |
|
Actual (MT) |
320,473 |
Expectations (MT) |
150,000-400,000 |
Comments |
Export inspections are up 110,929 MT from the previous week’s figure. Shipments are running 3.1% behind a year-ago, compared with 2.7% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
Soybeans |
|
Actual (MT) |
2,075,197 |
Expectations (MT) |
900,000-1,925,000 |
Comments |
Export inspections are up 618,671 MT from last week’s tally. Inspections are running 4.4% behind a year ago, compared to 5.4% behind last week. USDA’s 2022-23 export forecast of 1.990 billion bu. is 8.0% below 2021-22. |