Weekly Export Inspections - 2022.02.07

Soybean export inspections for the week ending February 3 came in at 1,217,991 metric tonnes. Cumulative inspections year-to-date are 37,642,888 metric tonnes which is 23.8% below last year. This is 67.5% of the USDA's forecast for the 2021-22 marketing year versus the five year average of 63.5%.

Corn export inspections for the week ending February 3 came in at 1,053,202 metric tonnes. Cumulative inspections year-to-date are 18,597,272 metric tonnes which is 13.9% below last year. This is 30.2% of the USDA's forecast for the 2021-22 marketing year versus the five year average of 32.8%.

Wheat export inspections for the week ending February 3 came in at 417,750 metric tonnes. Cumulative inspections year-to-date are 14,024,919 metric tonnes which is 17.8% below last year. This is 62.5% of the USDA's forecast for the 2021-22 marketing year versus the five year average of 63.4%.

Weekly Export Inspections Summary
	Weekly Inspections Metric Tonnes	Needed Per Week to Meet USDA Est.	Current Yr % of USDA Est	5 Yr. Avg. % of USDA Est
Soybeans - 2021-22 Marketing Year
Feb-03	1,217,991	610,720	67.5%	63.5%
Jan-27	1,415,892	635,354	61.2%	61.2%
Jan-20	1,349,664	663,356	58.5%	58.5%
Jan-13	1,726,719	682,944	56.0%	56.0%
Jan-06	985,455	716,119	53.4%	53.4%
Corn - 2021-22 Marketing Year
Feb-03	1,053,202	1,447,207	30.2%	32.8%
Jan-27	1,035,783	1,434,397	31.0%	31.0%
Jan-20	1,186,085	1,424,051	29.4%	29.4%
Jan-13	1,237,248	1,415,637	27.6%	27.6%
Jan-06	1,022,677	1,409,365	26.2%	26.2%
Wheat - 2021-22 Marketing Year
Feb-03	417,750	283,536	62.5%	63.4%
Jan-27	376,524	288,399	61.4%	61.4%
Jan-20	411,011	291,096	59.7%	59.7%
Jan-13	384,291	294,916	58.3%	58.3%
Jan-06	234,356	297,154	56.7%	56.7%

This report is part of our Morning Commentary. Morning Commentary is released between 5:30AM and 7:45AM (CT) Monday through Friday.
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