Corn, wheat export inspections increase over previous week, while soybeans lag
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USDA’s Weekly Grain Export Inspections Week Ended Aug. 18, 2022 |
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Corn |
|
|
Actual (MT) |
740,508 |
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Expectations (MT) |
450,000-850,000 |
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Comments |
Export inspections increased 201,172 MT from last week’s tally. Inspections are running 17.8% behind year-ago, which compares to 18.0% 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 |
|
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Actual (MT) |
594,273 |
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Expectations (MT) |
250,000-650,000 |
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Comments |
Export inspections increased 204,359 MT from the previous week’s figure. Shipments are running 22.1% behind year-ago, compared with 23.0% behind year-ago last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
686,583 |
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Expectations (MT) |
400,000-875,000 |
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Comments |
Export inspections are down 81,745 MT from last week’s tally. Inspections are running 5.2% behind year-ago, compared to 6.0% last week. USDA’s 2021-22 export forecast of 2.160 billion bu. is 4.7% below 2020-21. |
