Wheat, corn export inspections increase

Soybean export inspections drop

FILE PHOTO: Container ships and oil tankers wait in the ocean outside the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson
FILE PHOTO: Container ships and oil tankers wait in the ocean outside the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson

USDA’s Weekly Grain Export Inspections

Week Ended April 28, 2022

Corn

Actual (MT)

1,683,994

Expectations (MT)

1,000,000-1,775,000

Comments

Export inspections increased 18,889 MT from last week’s tally, which was increased 14,261 MT from the original figure. Inspections are running 16.1% behind year-ago, which compares to 15.8% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year.

Wheat

Actual (MT)

384,460

Expectations (MT)

225,000-500,000

Comments

Export inspections increased 94,853 MT from the previous week’s figure, which was increased 1,610 MT from the original figure. Shipments are running 19.1% behind year-ago, which compares to 19.0% behind last week. USDA projects exports in 2021-22 at 785 million bu., down 20.9% from the previous marketing year.

Soybeans

Actual (MT)

601,282

Expectations (MT)

500,000-1,000,000

Comments

Export inspections decreased 4,103 MT from last week’s tally, which was increased 3,207 MT from the original figure. Inspections are running 15.2% behind year-ago, compared to 16.1% last week. USDA’s 2021-22 export forecast of 2.115 billion bu. is 6.5% below 2020-21.