Soybean export inspections remain strong
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USDA’s Weekly Grain Export Inspections Week Ended Feb. 2, 2022 |
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Corn |
|
|
Actual (MT) |
480,205 |
|
Expectations (MT) |
440,000-800,000 |
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Comments |
Export inspections are down 62,784 MT from last week’s tally. Inspections are running 32.7% behind a year-ago, compared to 30.4% behind last week. USDA projects exports in 2022-23 at 1.925 billion bu., 22.0% below the previous marketing year. |
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Wheat |
|
|
Actual (MT) |
536,355 |
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Expectations (MT) |
300,000-525,000 |
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Comments |
Export inspections are up 90,628 MT from the previous week’s figure. Shipments are running 2.1% behind a year-ago, compared with 2.9% 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) |
1,829,826 |
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Expectations (MT) |
800,000-1,900,000 |
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Comments |
Export inspections are down 101,075 MT from last week’s tally. Inspections are running 0.5% ahead of a year ago, compared to 1.3% behind last week. USDA’s 2022-23 export forecast of 1.990 billion bu. is 8.0% below 2021-22. |
