Corn, wheat export inspections increase
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USDA’s Weekly Grain Export Inspections Week Ended March 17, 2022 |
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Corn |
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Actual (MT) |
1,466,311 |
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Expectations (MT) |
1,140,000-1,600,000 |
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Comments |
Export inspections increased 319,528 MT from last week’s tally, which was increased 1,933 MT from the original figure. Inspections are running 15.0% behind year-ago, which compares to 14.2% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
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Wheat |
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Actual (MT) |
330,632 |
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Expectations (MT) |
275,000-500,000 |
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Comments |
Export inspections were up 23,414 MT from the previous week’s figure, which was increased 24,874 MT from the original figure. Shipments are running 17.4% behind year-ago, which compares to 16.5% behind last week. USDA projects exports in 2021-22 at 800 million bu., down 19.4% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
544,986 |
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Expectations (MT) |
500,000-850,000 |
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Comments |
Export inspections declined 251,799 MT from last week’s tally, which was increased 24,066 MT from the original figure. Inspections are running 20.6% behind year-ago, compared to 21.0% last week. USDA’s 2021-22 export forecast of 2.090 billion bu. is 7.6% below 2020-21. |
