Weekly exports inspections in line with pre-report expectations
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USDA’s Weekly Grain Export Inspections Week Ended June 16, 2022 |
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Corn |
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|
Actual (MT) |
1,184,268 |
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Expectations (MT) |
600,000-1,300,000 |
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Comments |
Export inspections declined modestly from last week’s tally. Inspections are running 17.6% behind year-ago, which compares to 17.1% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
331,328 |
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Expectations (MT) |
300,000-500,000 |
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Comments |
Export inspections declined 80,588 MT from the previous week’s figure. Shipments are running 22.4% behind year-ago, compared with 11.4% behind year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.7% from the previous marketing year. |
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Soybeans |
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|
Actual (MT) |
427,344 |
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Expectations (MT) |
300,000-625,000 |
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Comments |
Export inspections fell 180,772 MT from last week’s tally. Inspections are running 11.1% behind year-ago, compared to 11.5% last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |
