While corn inspections slipped from last week’s strong showing, inspections were still up sharply from year-ago and helped push the net inspections pace even farther ahead of last year.
The amount of wheat inspected for export was at the lower end of expectations.
|
USDA’s Weekly Grain Export Inspections Week Ended Dec. 31, 2020 |
|
|
Corn |
|
|
Actual (MT) |
912,802 |
|
Expectations (MT) |
750,000-1,300,000 |
|
Comments |
Inspections fell 342,539 MT from last week. Inspections are running 73.3% ahead of year-ago, which compares to 70.6% ahead of last year the week before. USDA's 2020-21 export forecast of 2.650 billion bu. is 49.0% above the year prior. |
|
Wheat |
|
|
Actual (MT) |
324,983 |
|
Expectations (MT) |
300,000-500,000 |
|
Comments |
Export inspections slipped roughly 82,000 MT from week’s tally. Shipments are running 0.3% behind year-ago versus 0.4% behind the week before. USDA projects exports in 2020-21 at 975 million bu., up 1.0% from the previous marketing year. |
|
Soybeans |
|
|
Actual (MT) |
1,305,786 |
|
Expectations (MT) |
1,000,000-2,000,000 |
|
Comments |
Export inspections fell 896,121 MMT from last week’s tally, which was revised 754,646 MT higher. Inspections for 2020-21 are 76.6% ahead of year-ago, which compares to 75.6% ahead the week prior. USDA forecasts exports in 2020-21 at 2.200 billion bu., up 31.3% from 2019-20. |
