Soybean export inspections fall short of trade expectations

Weekly export inspections for week ended August 25, 2022 revealed mid-range inspections for corn and wheat, while soybeans fell short of trade expectations.

Exports by Canva
Exports by Canva
(Farm Journal)

USDA’s Weekly Grain Export Inspections

Week Ended Aug. 25, 2022

Corn

Actual (MT)

689,052

Expectations (MT)

500,000-850,000

Comments

Export inspections are down 132,481 MT from last week’s tally. Inspections are running 17.4% behind year-ago, which compares to 17.8% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year.

Wheat

Actual (MT)

520,791

Expectations (MT)

250,000-650,000

Comments

Export inspections are down 73,482 MT from the previous week’s figure. Shipments are running 19.2% behind year-ago, compared with 22.1% 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)

436,851

Expectations (MT)

500,000-825,000

Comments

Export inspections are down 249,976 MT from last week’s tally. Inspections are running 5.0% behind year-ago, compared to 5.2% last week. USDA’s 2021-22 export forecast of 2.160 billion bu. is 4.7% below 2020-21.