Sharp weekly declines in corn, soybean and wheat export inspections
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USDA’s Weekly Grain Export Inspections Week Ended Nov. 18, 2021 |
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Corn |
|
|
Actual (MT) |
618,490 |
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Expectations (MT) |
600,000-1,000,000 |
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Comments |
Inspections declined 248,401 MT from last week’s tally. Inspections are running 18.2% behind year-ago, which compares to 17.6% 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) |
177,799 |
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Expectations (MT) |
200,000-500,000 |
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Comments |
Export inspections dropped 212,909 MT from previous week’s light tally. Shipments are running 15.5% behind year-ago, which compares to 14.4% behind last week. USDA projects exports in 2021-22 at 860 million bu., 13.3% below 2020-21. |
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Soybeans |
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|
Actual (MT) |
1,684,138 |
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Expectations (MT) |
1,100,000-2,500,000 |
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Comments |
Export inspections fell 678,338 MT from last week’s tally, which was revised up 288,894 MT from the initial figure. Inspections are running 26.9% behind year-ago, which compares to 28.2% behind year-ago the week prior. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
