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

Corn

Actual (MT)

618,490

Expectations (MT)

600,000-1,000,000

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.

Wheat

Actual (MT)

177,799

Expectations (MT)

200,000-500,000

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.

Soybeans

Actual (MT)

1,684,138

Expectations (MT)

1,100,000-2,500,000

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.

 

 

 

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