Corn, wheat export inspections decline, soybeans increase

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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.

 

 

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