Cumulative wheat inspections even jumped ahead of year-ago. But soybean inspections were pitiful, at less than 300,000 MT.
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USDA’s Weekly Grain Export Inspections Week Ended April 1, 2021 |
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|
Corn |
|
|
Actual (MT) |
1,912,211 |
|
Expectations (MT) |
1,100,000-2,100,000 |
|
Comments |
Inspections rose nearly 192,000 MT from last week’s tally that was revised just over 25,000 MT higher. Inspections are running 83.5% ahead of year-ago, which compares to 85.8% ahead of last year the week before. USDA's 2020-21 export forecast of 2.6 billion bu. is 46.2% above the year prior. |
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Wheat |
|
|
Actual (MT) |
594,032 |
|
Expectations (MT) |
300,000-550,000 |
|
Comments |
Export inspections rose roughly 287,500 from last week’s tally. Shipments are running 0.3% ahead of year-ago versus 0.9% behind the week before. USDA projects exports in 2020-21 at 985 million bu., up 2.1% from the previous marketing year. |
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Soybeans |
|
|
Actual (MT) |
298,252 |
|
Expectations (MT) |
150,000-500,000 |
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Comments |
Export inspections fell 141,678 MT MT from last week. Inspections for 2020-21 are 71.0% ahead of year-ago, which compares to 71.6% ahead the week prior. USDA forecasts exports in 2020-21 at 2.25 billion bu., up 33.8% from 2019-20. |
