Corn, wheat export inspections decline, soybeans increase
USDA’s Weekly Grain Export Inspections Week Ended Jan. 27, 2022 |
|
Corn |
|
Actual (MT) |
1,035,734 |
Expectations (MT) |
950,000-1,400,000 |
Comments |
Inspections declined 150,351 MT from last week’s figure, which was revised up 70,354 MT from the original figure. Inspections are running 12.4% behind year-ago, which compares to 13.0% behind last week. USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year. |
Wheat |
|
Actual (MT) |
361,375 |
Expectations (MT) |
300,000-500,000 |
Comments |
Export inspections were down 49,636 MT from the previous week’s figure, which was increased 10,038 MT from the original figure. Shipments are running 18.0% behind year-ago, which compares to 18.2% behind last week. USDA projects exports in 2021-22 at 825 million bu., down 16.8% from the previous marketing year. |
Soybeans |
|
Actual (MT) |
1,411,411 |
Expectations (MT) |
800,000-1,450,000 |
Comments |
Export inspections increased 61,747 MT from last week’s tally, which was increased 51,862 MT. Inspections remain running 23.6% behind year-ago, compared to 23.7% last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |