Soybean, wheat, corn export inspections drop
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USDA’s Weekly Grain Export Inspections Week Ended Feb. 24, 2022 |
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Corn |
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Actual (MT) |
1,543,751 |
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Expectations (MT) |
1,000,000-1,700,000 |
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Comments |
Export inspections dropped 34,505 MT from last week’s figure, which was revised up 1,590 MT from the original figure. Inspections are running 11.6% behind year-ago, which compares to 10.6% behind last week. USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year. |
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Wheat |
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Actual (MT) |
406,138 |
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Expectations (MT) |
300,000-625,000 |
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Comments |
Export inspections were down 164,721 MT from the previous week’s figure, which was increased 31,493 MT from the original figure. Shipments are running 14.7% behind year-ago, which compares to 15.5% behind last week. USDA projects exports in 2021-22 at 810 million bu., down 18.3% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
735,278 |
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Expectations (MT) |
500,000-1,100,000 |
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Comments |
Export inspections declined 307,860 MT from last week’s tally, which was increased 68,036 MT. Inspections remain running 22.1% behind year-ago, compared to 22.1% last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
