Corn, wheat export inspections drop
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USDA’s Weekly Grain Export Inspections Week Ended March 10, 2022 |
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Corn |
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Actual (MT) |
1,144,850 |
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Expectations (MT) |
1,000,000-1,650,000 |
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Comments |
Export inspections decreased 437,319 MT from last week’s figure. Inspections are running 14.2% behind year-ago, which compares to 11.3% behind last week. USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year. |
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Wheat |
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Actual (MT) |
282,344 |
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Expectations (MT) |
300,000-550,000 |
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Comments |
Export inspections were down 120,843 MT from the previous week’s figure, which was increased 59,724 MT from the original figure. Shipments are running 16.5% behind year-ago, which compares to 15.1% behind last week. USDA projects exports in 2021-22 at 810 million bu., down 18.3% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
772,719 |
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Expectations (MT) |
600,000-875,000 |
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Comments |
Export inspections increased 4,045 MT from last week’s tally, which was increased 2,424 MT. Inspections are running 21.0% behind year-ago, compared to 21.6% last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
