Weekly soybean inspections remain solid at over 1.8 MMT
USDA’s Weekly Grain Export Inspections Week Ended Jan. 19, 2022 |
|
Corn |
|
Actual (MT) |
727,643 |
Expectations (MT) |
550,000-1,025,000 |
Comments |
Export inspections are down 52,145 MT from last week’s tally. Inspections are running 30.3% behind a year-ago, compared to 29.7% behind last week. USDA projects exports in 2022-23 at 1.925 billion bu., 22.0% below the previous marketing year. |
Wheat |
|
Actual (MT) |
334,217 |
Expectations (MT) |
250,000-550,000 |
Comments |
Export inspections are up 8,574 MT from the previous week’s figure. Shipments are running 3.6% behind a year-ago, compared with 3.1% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
Soybeans |
|
Actual (MT) |
1,805,744 |
Expectations (MT) |
900,000-1,955,000 |
Comments |
Export inspections are down 384,627 MT from last week’s tally. Inspections are running 2.7% behind a year ago, compared to 4.4% behind last week. USDA’s 2022-23 export forecast of 1.990 billion bu. is 8.0% below 2021-22. |