USDA’s Weekly Grain Export Inspections Week Ended June 9, 2022 | |
Corn | |
Actual (MT) | 1,199,976 |
Expectations (MT) | 1,000,000-1,750,000 |
Comments | Export inspections declined 258,543 MT from last week’s tally. Inspections are running 17.1% behind year-ago, which compares to 16.9% behind last week. USDA projects exports in 2021-22 at 2.450 billion bu., 11.0% below the previous marketing year. |
Wheat | |
Actual (MT) | 388,847 |
Expectations (MT) | 275,000-500,000 |
Comments | Export inspections increased modestly from the previous week’s figure. Shipments are running 11.4% behind year-ago, compared with 16.1% ahead of 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) | 605,129 |
Expectations (MT) | 275,000-675,000 |
Comments | Export inspections increased 239,674 MT from last week’s tally. Inspections are running 11.5% behind year-ago, compared to 12.4% last week. USDA’s 2021-22 export forecast of 2.170 billion bu. is 4.0% below 2020-21. |
Weekly soybean export inspections increase, corn inspections decline
Soybean inspections running stronger than normal during this time of year.
(USDA)