Disappointing corn, wheat export inspections
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USDA’s Weekly Grain Export Inspections Week Ended Oct. 21, 2021 |
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Corn |
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Actual (MT) |
545,127 |
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Expectations (MT) |
750,000-1,200,000 |
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Comments |
Inspections plunged 503,490 MT from last week’s tally. Inspections are running 23.6% behind year-ago, which compares to 25.5% behind year-ago last week. USDA's 2021-22 export forecast of 2.500 billion bu. is 9.2% below 2020-21. |
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Wheat |
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Actual (MT) |
140,413 |
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Expectations (MT) |
150,000-450,000 |
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Comments |
Export inspections were just slightly under the previous week’s tally. Shipments are running 14.5% behind year-ago vs. 12.7% 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) |
2,103,505 |
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Expectations (MT) |
1,800,000-2,625,000 |
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Comments |
Export inspections dropped 346,227 MT from last week’s tally, which was revised up 151,417 MT from the initial figure. Inspections are running 45.0% behind year-ago, which compares to 50.6% behind year-ago the week prior. USDA’s 2021-22 export forecast of 2.090 billion bu. is 7.7% below 2020-21. |
