USDA’s Weekly Grain Export Inspections Week Ended July 21, 2022 | |
Corn | |
Actual (MT) | 724, 214 |
Expectations (MT) | 585,000-1,200,000 |
Comments | Export inspections are down 349,758 MT from last week’s tally. Inspections are running 17.2% 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) | 475,426 |
Expectations (MT) | 200,000-550,000 |
Comments | Export inspections are up 289,437 MT from the previous week’s figure. Shipments are running 23.5% 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) | 388,212 |
Expectations (MT) | 100,000-575,000 |
Comments | Export inspections are down 48,617 MT from last week’s tally. Inspections are running 8.9% behind a year-ago, compared to 10% behind last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |
Export inspections continue to lag behind last year’s levels
Export inspections for week ended July 21, 2022 were within estimated ranges for corn, soybeans and wheat, however the current year’s pace continue to fall behind last year.
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