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Pro Farmer/News/Agriculture News

Corn, wheat export inspections decline, soybeans increase

All within expectations

Tim Hoskins
 • 
January 31, 2022 10:33 AM
“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.
“Asian exporters are paying premium shipping rates, sometimes 10 times what the rate is for going from the [United] States back to Asia, and this shipping rate disparity incentivizes sending back those empty containers,” Borror said.
(Farm Journal File)

USDA’s Weekly Grain Export Inspections

Week Ended Jan. 27, 2022

Corn

Actual (MT)

1,035,734

Expectations (MT)

950,000-1,400,000

Comments

Inspections declined 150,351 MT from last week’s figure, which was revised up 70,354 MT from the original figure. Inspections are running 12.4% behind year-ago, which compares to 13.0% behind last week. USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year.

Wheat

Actual (MT)

361,375

Expectations (MT)

300,000-500,000

Comments

Export inspections were down 49,636 MT from the previous week’s figure, which was increased 10,038 MT from the original figure. Shipments are running 18.0% behind year-ago, which compares to 18.2% behind last week. USDA projects exports in 2021-22 at 825 million bu., down 16.8% from the previous marketing year.

Soybeans

Actual (MT)

1,411,411

Expectations (MT)

800,000-1,450,000

Comments

Export inspections increased 61,747 MT from last week’s tally, which was increased 51,862 MT. Inspections remain running 23.6% behind year-ago, compared to 23.7% last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21.

 
 

                                

                            

                            
                    


                    
    

        
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