Corn inspections drop
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USDA’s Weekly Grain Export Inspections Week Ended April 14, 2022 |
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Corn |
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Actual (MT) |
1,139,206 |
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Expectations (MT) |
1,050,000-1,800,000 |
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Comments |
Export inspections decreased 334,950 MT from last week’s tally, which was increased 55,329 MT from the original figure. Inspections are running 15.9% behind year-ago, which compares to 15.6% 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) |
432,253 |
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Expectations (MT) |
300,000-500,000 |
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Comments |
Export inspections increased 13,068 MT from the previous week’s figure, which was increased 8,173 MT from the original figure. Shipments are running 18.2% behind year-ago, which compares to 17.8% behind last week. USDA projects exports in 2021-22 at 785 million bu., down 20.9% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
972,509 |
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Expectations (MT) |
500,000-1,150,000 |
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Comments |
Export inspections increased 153,820 MT from last week’s tally, which was increased 52,457 MT from the original figure. Inspections are running 16.8% behind year-ago, compared to 18.3% last week. USDA’s 2021-22 export forecast of 2.115 billion bu. is 6.5% below 2020-21. |
