Strong weekly corn export inspections
|
USDA’s Weekly Grain Export Inspections Week Ended May 19, 2022 |
|
|
Corn |
|
|
Actual (MT) |
1,699,092 |
|
Expectations (MT) |
600,000-1,500,000 |
|
Comments |
Export inspections surged 638,762 MT from last week’s tally. Inspections are running 16.8% behind year-ago, which compares to 17.4% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
|
Wheat |
|
|
Actual (MT) |
309,501 |
|
Expectations (MT) |
150,000-500,000 |
|
Comments |
Export inspections declined 42,436 MT from the previous week’s figure. Shipments are running 21.3% behind year-ago, which compares to 20.6% behind last week. USDA projects exports in 2021-22 at 810 million bu., down 18.9% from the previous marketing year. |
|
Soybeans |
|
|
Actual (MT) |
575,781 |
|
Expectations (MT) |
400,000-900,000 |
|
Comments |
Export inspections declined 226,794 MT from last week’s tally. Inspections are running 13.1% behind year-ago, compared to 13.8% last week. USDA’s 2021-22 export forecast of 2.140 billion bu. is 5.4% below 2020-21. |
