USDA also revised last week’s tally a substantial, 120,000 MT higher. Shipments of corn and soybeans were in line with expectations.
USDA’s Weekly Grain Export Inspections Week Ended Aug. 19, 2021 | |
Corn | |
Actual (MT) | 724,784 |
Expectations (MT) | 500,000-950,000 |
Comments | Inspections fell roughly 57,000 MT from last week’s tally, which was revised roughly 26,600 MT higher from what was initially reported. Inspections are running 57.0% ahead of year-ago, which compares to 58.6% ahead of last year the week before. USDA’s 2020-21 export forecast of 2.775 billion bu. is 56.2% above the year prior. |
Wheat | |
Actual (MT) | 657,854 |
Expectations (MT) | 300,000-575,000 |
Comments | Export inspections climbed 97,214 MT last week’s tally, which was revised nearly 120,100 MT higher. So far this marketing year, shipments are running 9.1% behind year-ago vs. 14.9% behind year-ago last week. USDA projects exports in 2021-22 at 875 million bu., 11.8% below 2020-21. |
Soybeans | |
Actual (MT) | 214,061 |
Expectations (MT) | 100,000-350,000 |
Comments | Export inspections fell 63,625 MT from last week. Inspections for 2020-21 are 38.8% ahead of year-ago, which compares to 42.4% ahead the week prior. USDA forecasts exports in 2020-21 at 2.260 billion bu., up 34.6% from 2019-20. |