Corn, wheat, soybean export inspections increase
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USDA’s Weekly Grain Export Inspections Week Ended March 24, 2022 |
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Corn |
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Actual (MT) |
1,606,535 |
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Expectations (MT) |
1,000,000-1,665,000 |
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Comments |
Export inspections increased 109,737 MT from last week’s tally, which was increased 30,487 MT from the original figure. Inspections are running 14.6% behind year-ago, which compares to 15.0% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
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Wheat |
|
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Actual (MT) |
341,191 |
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Expectations (MT) |
300,000-500,000 |
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Comments |
Export inspections were up 7,221 MT from the previous week’s figure, which was increased 3,338 MT from the original figure. Shipments are running 17.0% behind year-ago, which compares to 17.4% behind last week. USDA projects exports in 2021-22 at 800 million bu., down 19.4% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
628,819 |
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Expectations (MT) |
500,000-800,000 |
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Comments |
Export inspections increased 75,237 MT from last week’s tally, which was up 8,596 MT from the original figure. Inspections are running 20.0% behind year-ago, compared to 20.6% last week. USDA’s 2021-22 export forecast of 2.090 billion bu. is 7.6% below 2020-21. |
