Weekly soybean export inspections increase, corn inspections decline
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USDA’s Weekly Grain Export Inspections Week Ended June 9, 2022 |
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Corn |
|
|
Actual (MT) |
1,199,976 |
|
Expectations (MT) |
1,000,000-1,750,000 |
|
Comments |
Export inspections declined 258,543 MT from last week’s tally. Inspections are running 17.1% behind year-ago, which compares to 16.9% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
388,847 |
|
Expectations (MT) |
275,000-500,000 |
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Comments |
Export inspections increased modestly from the previous week’s figure. Shipments are running 11.4% behind year-ago, compared with 16.1% ahead of year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.7% from the previous marketing year. |
|
Soybeans |
|
|
Actual (MT) |
605,129 |
|
Expectations (MT) |
275,000-675,000 |
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Comments |
Export inspections increased 239,674 MT from last week’s tally. Inspections are running 11.5% behind year-ago, compared to 12.4% last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |
