Washington, April 18 News: The U.S. Department of Agriculture’s weekly export inspection report showed that last week’s U.S. soybean export inspections increased by 18.8% from a week ago and increased by 337.9% from the same period last year.
U.S. soybean export inspections were 972,509 tons for the week ending April 14, 2022, compared to 818,689 tons last week and 222,065 tons a year earlier.
So far, the total amount of U.S. soybean export inspections in the 2021/22 season (starting on September 1) has reached 45,964,092 tons, a year-on-year decrease of 16.8%, a year-on-year decrease of 18.3% one week ago, and a year-on-year decrease of 19.2% two weeks ago.
In the 35th week of the 2021/22 season, U.S. soybean export inspections reached 79.9% of the USDA forecast target, compared with 78.1% last week.
In its April 2022 supply and demand report, the USDA forecasts U.S. soybean exports in 2021/22 at 2.115 billion bushels (57.56 million tonnes), an increase of 25 million bushes from March and a decrease of 6.62 from 2020/21’s 2.265 billion bushes %.