Soybean and wheat export inspections below expectations
|
USDA’s Weekly Grain Export Inspections Week Ended Dec. 30, 2021 |
|
|
Corn |
|
|
Actual (MT) |
596,092 |
|
Expectations (MT) |
500,000-1,000,000 |
|
Comments |
Inspections declined 358,396 MT from last week’s figure, which was revised up 235,457 MT. Inspections are running 15.2% behind year-ago, which compares to 14.8% 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) |
141,816 |
|
Expectations (MT) |
200,000-450,000 |
|
Comments |
Export inspections declined 149,391 MT from the previous week’s figure, which was revised up 19,858 MT. Shipments are running 19.5% behind year-ago, which compares to 18.0% behind last week. USDA projects exports in 2021-22 at 840 million bu., 15.3% below 2020-21. |
|
Soybeans |
|
|
Actual (MT) |
1,191,739 |
|
Expectations (MT) |
1,400,000-1,900,000 |
|
Comments |
Export inspections declined 540,552 MT from last week’s tally, which was revised up 154,874 MT. Inspections remain running 22.7% behind year-ago, the same as last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
