Soybean, corn export inspections increase
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USDA’s Weekly Grain Export Inspections Week Ended Jan. 13, 2022 |
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Corn |
|
|
Actual (MT) |
1,204,188 |
|
Expectations (MT) |
800,000-1,200,000 |
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Comments |
Inspections increased 181,511 MT from last week’s figure. Inspections are running 12.6% behind year-ago, which compares to 15.0% behind last week. USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
369,188 |
|
Expectations (MT) |
800,000-1,200,000 |
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Comments |
Export inspections increased 134,832MT from the previous week’s figure, which was increased 1,197 MT. Shipments are running 17.8% behind year-ago, which compares to 18.7% behind last week. USDA projects exports in 2021-22 at 825 million bu., down 16.8% from the previous marketing year. |
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Soybeans |
|
|
Actual (MT) |
1,720,497 |
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Expectations (MT) |
800,000-1,200,000 |
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Comments |
Export inspections increased 735,042 MT from last week’s tally, which was increased 80,306 MT. Inspections remain running 23.0% behind year-ago, compared to 23.1% last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
