USDA’s Weekly Grain Export Inspections Week Ended May 5, 2022 | |
Corn | |
Actual (MT) | 1,392,685 |
Expectations (MT) | 1,000,000-1,700,000 |
Comments | Export inspections declined 303,496 MT from last week’s tally. Inspections are running 16.2% behind year-ago, which compares to 16.1% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
Wheat | |
Actual (MT) | 236,847 |
Expectations (MT) | 100,000-425,000 |
Comments | Export inspections decreased 155,596 MT from the previous week’s figure. Shipments are running 20.0% behind year-ago, which compares to 19.1% behind last week. USDA projects exports in 2021-22 at 785 million bu., down 20.9% from the previous marketing year. |
Soybeans | |
Actual (MT) | 503,414 |
Expectations (MT) | 400,000-885,000 |
Comments | Export inspections decreased 101,297 MT from last week’s tally. Inspections are running 14.7% behind year-ago, compared to 15.2% last week. USDA’s 2021-22 export forecast of 2.115 billion bu. is 6.5% below 2020-21. |
Grain export inspections within range of expectations but down from week-ago
Corn, soybean and wheat export inspections all declined from the previous week
