USDA’s Weekly Grain Export Inspections Week Ended July 28, 2022 | |
Corn | |
Actual (MT) | 856,938 |
Expectations (MT) | 550,000-1,150,000 |
Comments | Export inspections are up 103,145 MT from last week’s tally. Inspections are running 17.7% 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) | 256,601 |
Expectations (MT) | 250,000-550,000 |
Comments | Export inspections are down 218,925 MT from the previous week’s figure. Shipments are running 24.9% 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) | 555,083 |
Expectations (MT) | 300,000-800,000 |
Comments | Export inspections increased 162,603 MT from last week’s tally. Inspections are running 8.2% 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. |
Soybean, corn export inspections rise from previous week
USDA reported weekly inspections as of July 28, revealing increases in corn and soybean inspections on the week, as wheat fell behind by over 200,000 MT. Corn, soybeans, wheat continue to lag behind year-ago paces.
(Farm Journal)