USDA’s Weekly Grain Export Inspections Week Ended June 30, 2022 | |
Corn | |
Actual (MT) | 676,824 |
Expectations (MT) | 900,000-1,200,000 |
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. |
Wheat | |
Actual (MT) | 111,830 |
Expectations (MT) | 300,000-500,000 |
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. |
Soybeans | |
Actual (MT) | 354,987 |
Expectations (MT) | 400,000-500,000 |
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. |