Soybean export inspections increase

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USDA’s Weekly Grain Export Inspections

Week Ended March 31, 2022

Corn

Actual (MT)

1,528,357

Expectations (MT)

800,000-1,650,000

Comments

Export inspections decreased 86,062 MT from last week’s tally, which was increased 7,884 MT from the original figure. Inspections are running 15.5% behind year-ago, which compares to 14.6% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year.

Wheat

Actual (MT)

297,341

Expectations (MT)

250,000-550,000

Comments

Export inspections were down 45,746 MT from the previous week’s figure, which was increased 1,896 MT from the original figure. Shipments are running 18.1% behind year-ago, which compares to 17.0% behind last week. USDA projects exports in 2021-22 at 800 million bu., down 19.4% from the previous marketing year.

Soybeans

Actual (MT)

737,372

Expectations (MT)

450,000-1,000,000

Comments

Export inspections increased 105,768 MT from last week’s tally, which was increased 2,785 MT from the original figure. Inspections are running 19.2% behind year-ago, compared to 20.0% last week. USDA’s 2021-22 export forecast of 2.090 billion bu. is 7.6% below 2020-21.

 

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