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. |
Strong weekly corn export inspections
Corn export inspections topped the upper end of trade expectations at nearly 1.7 MMT.
(USDA)