Export inspections continue to lag behind last year’s levels
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USDA’s Weekly Grain Export Inspections Week Ended July 21, 2022 |
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Corn |
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Actual (MT) |
724, 214 |
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Expectations (MT) |
585,000-1,200,000 |
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Comments |
Export inspections are down 349,758 MT from last week’s tally. Inspections are running 17.2% behind year-ago, which compares to 17% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year. |
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Wheat |
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Actual (MT) |
475,426 |
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Expectations (MT) |
200,000-550,000 |
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Comments |
Export inspections are up 289,437 MT from the previous week’s figure. Shipments are running 23.5% behind year-ago, compared with 18% behind year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.7% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
388,212 |
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Expectations (MT) |
100,000-575,000 |
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Comments |
Export inspections are down 48,617 MT from last week’s tally. Inspections are running 8.9% behind a year-ago, compared to 10% behind last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |
