Corn export inspections near the top of traders' expectations
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USDA’s Weekly Grain Export Inspections Week Ended June 2, 2022 |
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Corn |
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Actual (MT) |
1,434,683 |
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Expectations (MT) |
1,175,000-1,500,000 |
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Comments |
Export inspections increased 22,949 MT from last week’s tally. Inspections are running 16.9% behind year-ago, which compares to 17.4% 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) |
352,779 |
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Expectations (MT) |
300,000-500,000 |
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Comments |
Export inspections inched up 7,872 MT from the previous week’s figure. Shipments started the new marketing year 16.1% above year-ago. USDA projects exports in 2022-23 at 775 million bu., down 3.7% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
350,416 |
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Expectations (MT) |
400,000-600,000 |
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Comments |
Export inspections declined 53,201 MT from last week’s tally. Inspections are running 12.4% behind year-ago, compared to 12.7% last week. USDA’s 2021-22 export forecast of 2.140 billion bu. is 5.4% below 2020-21. |
