Sluggish weekly export inspections
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USDA’s Weekly Grain Export Inspections Week Ended June 30, 2022 |
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Corn |
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Actual (MT) |
676,824 |
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Expectations (MT) |
900,000-1,200,000 |
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Comments |
Export inspections dropped 570,126 MT from last week’s tally. Inspections are running 17.5% behind year-ago, which compares to 16.9% 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) |
111,830 |
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Expectations (MT) |
300,000-500,000 |
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Comments |
Export inspections dropped 241,064 MT from the previous week’s figure. Shipments are running 23.9% behind year-ago, compared with 13.0% 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) |
354,987 |
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Expectations (MT) |
400,000-500,000 |
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Comments |
Export inspections declined 120,569 MT from last week’s tally. Inspections are running 10.2% behind year-ago, compared to 10.4% last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |
