Corn, wheat export inspections surge, soybeans drop
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USDA’s Weekly Grain Export Inspections Week Ended Feb. 17, 2022 |
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Corn |
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Actual (MT) |
1,576,666 |
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Expectations (MT) |
1,000,000-1,750,000 |
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Comments |
Export inspections increased 120,973 MT from last week’s figure, which was revised up 587 MT from the original figure. Inspections are running 10.6 % behind year-ago, which compares to 12.5% 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 |
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Actual (MT) |
539,366 |
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Expectations (MT) |
200,000-475,000 |
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Comments |
Export inspections were up 80,029 MT from the previous week’s figure, which was increased 24,149 MT from the original figure. Shipments are running 15.5% behind year-ago, which compares to 17.1% behind last week. USDA projects exports in 2021-22 at 810 million bu., down 18.3% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
975,102 |
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Expectations (MT) |
900,000-1,250,000 |
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Comments |
Export inspections declined 185,218 MT from last week’s tally, which was increased 5,362 MT. Inspections remain running 22.1% behind year-ago, compared to 22.8% last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
