Soybean export inspections increase
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USDA’s Weekly Grain Export Inspections Week Ended March 31, 2022 |
|
|
Corn |
|
|
Actual (MT) |
1,528,357 |
|
Expectations (MT) |
800,000-1,650,000 |
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Comments |
Export inspections decreased 86,062 MT from last week’s tally, which was increased 7,884 MT from the original figure. Inspections are running 15.5% behind year-ago, which compares to 14.6% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
|
Wheat |
|
|
Actual (MT) |
297,341 |
|
Expectations (MT) |
250,000-550,000 |
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Comments |
Export inspections were down 45,746 MT from the previous week’s figure, which was increased 1,896 MT from the original figure. Shipments are running 18.1% behind year-ago, which compares to 17.0% behind last week. USDA projects exports in 2021-22 at 800 million bu., down 19.4% from the previous marketing year. |
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Soybeans |
|
|
Actual (MT) |
737,372 |
|
Expectations (MT) |
450,000-1,000,000 |
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Comments |
Export inspections increased 105,768 MT from last week’s tally, which was increased 2,785 MT from the original figure. Inspections are running 19.2% behind year-ago, compared to 20.0% last week. USDA’s 2021-22 export forecast of 2.090 billion bu. is 7.6% below 2020-21. |
