Weekly exports inspections in line with pre-report expectations

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USDA’s Weekly Grain Export Inspections

Week Ended June 16, 2022

Corn

Actual (MT)

1,184,268

Expectations (MT)

600,000-1,300,000

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.

Wheat

Actual (MT)

331,328

Expectations (MT)

300,000-500,000

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.

Soybeans

Actual (MT)

427,344

Expectations (MT)

300,000-625,000

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.

 

 

 

 

 

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