Bean, corn inspections up, wheat down
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USDA’s Weekly Grain Export Inspections Week Ended March 3, 2022 |
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Corn |
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Actual (MT) |
1,582,167 |
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Expectations (MT) |
1,000,000-1,650,000 |
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Comments |
Export inspections increased 26,940 MT from last week’s figure, which was revised up 11,476 MT from the original figure. Inspections are running 11.3% behind year-ago, which compares to 11.6% 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) |
343,463 |
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Expectations (MT) |
300,000-500,000 |
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Comments |
Export inspections dropped 86,521 MT from the previous week’s figure, which was increased 23,846 MT from the original figure. Shipments are running 15.1% behind year-ago, which compares to 14.7% 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) |
766,250 |
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Expectations (MT) |
400,000-1,475,000 |
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Comments |
Export inspections increased 27,984 MT from last week’s tally, which was increased 2,988 MT. Inspections are running 21.6% behind year-ago, compared to 22.1% last week. USDA’s 2021-22 export forecast of 2.050 billion bu. is 9.5% below 2020-21. |
