Corn, soybean export inspections sluggish

Weekly grain inspected for export through Sept. 22, proved dismal as corn and soybean inspections were reported below expectations, while wheat inspections were notably lower for the week but within the expected range.

Export ship
Export ship

USDA’s Weekly Grain Export Inspections

Week Ended Sept. 22, 2022

Corn

Actual (MT)

459,420

Expectations (MT)

500,000-800,000

Comments

Export inspections are down 90,056 MT from last week’s tally. Inspections are running 17.4% ahead of a year-ago. USDA projects exports in 2022-23 at 2.375 billion bu., 3.1% below the previous marketing year.

Wheat

Actual (MT)

520,464

Expectations (MT)

200,000-800,000

Comments

Export inspections are down 316,156 MT from the previous week’s figure. Shipments are running 4.4% behind year-ago, compared with 7% behind year-ago last week. USDA projects exports in 2022-23 at 825 million bu., up 3.1% from the previous marketing year.

Soybeans

Actual (MT)

257,547

Expectations (MT)

385,000-800,000

Comments

Export inspections are down 262,151 MT from last week’s tally. Inspections are running 15.5% ahead of a year ago. USDA’s 2022-23 export forecast of 2.155 billion bu. is 0.2% below 2021-22.