USDA’s Weekly Grain Export Inspections Week Ended July 14, 2022 | |
Corn | |
Actual (MT) | 1,073,972 |
Expectations (MT) | 700,000-1,150,000 |
Comments | Export inspections up 139,439 MT from last week’s tally. Inspections are running 16.7% behind year-ago, which compares to 17% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year. |
Wheat | |
Actual (MT) | 185,989 |
Expectations (MT) | 250,000-525,000 |
Comments | Export inspections down 124,013 MT from the previous week’s figure. Shipments are running 26.6% behind year-ago, compared with 18% behind year-ago last week. USDA projects exports in 2022-23 at 775 million bu., down 3.7% from the previous marketing year. |
Soybeans | |
Actual (MT) | 362,622 |
Expectations (MT) | 100,000-575,000 |
Comments | Export inspections are up 4,095 MT from last week’s tally. Inspections are running 9.3% behind year-ago, compared to 10% last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |