Soybean export inspections fall short of trade expectations
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USDA’s Weekly Grain Export Inspections Week Ended Aug. 25, 2022 |
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Corn |
|
|
Actual (MT) |
689,052 |
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Expectations (MT) |
500,000-850,000 |
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Comments |
Export inspections are down 132,481 MT from last week’s tally. Inspections are running 17.4% behind year-ago, which compares to 17.8% 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) |
520,791 |
|
Expectations (MT) |
250,000-650,000 |
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Comments |
Export inspections are down 73,482 MT from the previous week’s figure. Shipments are running 19.2% behind year-ago, compared with 22.1% 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 |
|
|
Actual (MT) |
436,851 |
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Expectations (MT) |
500,000-825,000 |
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Comments |
Export inspections are down 249,976 MT from last week’s tally. Inspections are running 5.0% behind year-ago, compared to 5.2% last week. USDA’s 2021-22 export forecast of 2.160 billion bu. is 4.7% below 2020-21. |
