Soybean, corn export inspections increase

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USDA’s Weekly Grain Export Inspections

Week Ended Jan. 13, 2022

Corn

Actual (MT)

1,204,188

Expectations (MT)

800,000-1,200,000

Comments

Inspections increased 181,511 MT from last week’s figure. Inspections are running 12.6% behind year-ago, which compares to 15.0% behind last week.  USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year.

Wheat

Actual (MT)

369,188

Expectations (MT)

800,000-1,200,000

Comments

Export inspections increased 134,832MT from the previous week’s figure, which was increased 1,197 MT.  Shipments are running 17.8% behind year-ago, which compares to 18.7% behind last week.  USDA projects exports in 2021-22 at 825 million bu., down 16.8% from the previous marketing year.

Soybeans

Actual (MT)

1,720,497

Expectations (MT)

800,000-1,200,000

Comments

Export inspections increased 735,042 MT from last week’s tally, which was increased 80,306 MT. Inspections remain running 23.0% behind year-ago, compared to 23.1% last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21.

 

 

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