As of April 21, the cumulative total of U.S. soybean export inspections decreased by 16.0% year-on-year

WASHINGTON, April 25: The U.S. Department of Agriculture’s weekly export inspection report showed that last week’s U.S. soybean export inspections decreased by 40.0% compared with a week ago, but increased by 111.6% compared with the same period last year.

U.S. soybean export inspections were 602,178 tonnes for the week ended April 21, 2022, compared to 1,004,103 tonnes last week and 284,564 tonnes 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 46,598,182 tons, a year-on-year decrease of 16.0%, a year-on-year decrease of 16.8% one week ago, and a year-on-year decrease of 18.3% two weeks ago.

In the 36th week of the 2021/22 season, U.S. soybean export inspections reached 81.0% of the USDA forecast target, compared with 79.9% 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 %.