Corn, soybean export inspections slowed by Ida
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USDA’s Weekly Grain Export Inspections Week Ended Sept. 2, 2021 |
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Corn |
|
|
Actual (MT) |
275,799 |
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Expectations (MT) |
125,000-550,000 |
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Comments |
Inspections fell 307,699 MT from last week’s tally, which was revised nearly 20,000 MT higher from what was initially reported. At the start of the 2021-22 marketing year, inspections are running 85.5% behind year-ago. USDA's 2021-22 export forecast of 2.400 billion bu. is 13.5% below 2020-21. |
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Wheat |
|
|
Actual (MT) |
381,551 |
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Expectations (MT) |
150,000-525,000 |
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Comments |
Export inspections improved 11,090 MT from last week’s tally, which was revised 53,617 MT higher. So far this marketing year, shipments are running 13.1% behind year-ago vs. 10.4% behind year-ago last week. USDA projects exports in 2021-22 at 875 million bu., 11.8% below 2020-21. |
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Soybeans |
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|
Actual (MT) |
68,059 |
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Expectations (MT) |
50,000-250,000 |
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Comments |
Export inspections fell 318,780 MT from last week’s tally that was revised roughly 9,500 MT higher. At the start of the 2021-22 marketing year, inspections are running 97.2% behind year-ago. USDA’s 2021-22 export forecast of 2.055 billion bu. is 9.1% below 2020-21. |
