Corn, soybean export inspections fall behind previous week
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USDA’s Weekly Grain Export Inspections Week Ended Jan. 5, 2022 |
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Corn |
|
|
Actual (MT) |
397,585 |
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Expectations (MT) |
325,000-900,000 |
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Comments |
Export inspections are down 285,457 MT from last week’s tally. Inspections are running 29% behind a year-ago, compared to 28.0% behind last week. USDA projects exports in 2022-23 at 2.075 billion bu., 16% below the previous marketing year. |
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Wheat |
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|
Actual (MT) |
201,673 |
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Expectations (MT) |
75,000-350,000 |
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Comments |
Export inspections are up 116,001 MT from the previous week’s figure. Shipments are running 2.7% behind a year-ago, compared with 3.0% behind a year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year. |
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Soybeans |
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Actual (MT) |
1,438,183 |
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Expectations (MT) |
1,000,000-1,850,000 |
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Comments |
Export inspections are down 37,161 MT from last week’s tally. Inspections are running 5.4% behind a year ago, compared to 7.0% behind last week. USDA’s 2022-23 export forecast of 2.045 billion bu. is 5.2% below 2021-22. |
