USDA’s Weekly Grain Export Inspections Week Ended July 7, 2022 | |
Corn | |
Actual (MT) | 933,725 |
Expectations (MT) | 725,000-1,100,000 |
Comments | Export inspections increased 57,3391 MT from last week’s tally. Inspections are running 17.0% behind year-ago, which compares to 17.5% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year. |
Wheat | |
Actual (MT) | 309,802 |
Expectations (MT) | 250,000-450,000 |
Comments | Export inspections are up 36,862 from the previous week’s figure. Shipments are running 17.8% behind year-ago, compared with 23.9% 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) | 356,716 |
Expectations (MT) | 375,000-575,000 |
Comments | Export inspections declined 80,602 MT from last week’s tally. Inspections are running 9.7% behind year-ago, compared to 10.2% last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |
Corn, wheat export inspections in line with expectations
Soybean export inspections fell shy of expectations.
(Farm Journal)