Washington, April 11 News: The U.S. Department of Agriculture’s weekly export inspection report showed that last week’s U.S. soybean export inspections increased by 3.4% from a week ago and 127.3% from the same period last year.

U.S. soybean export inspections were 766,232 tons for the week ending April 7, 2022, compared to 741,290 tons last week and 337,159 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 44,939,126 tons, a year-on-year decrease of 18.3%, a year-on-year decrease of 19.2% one week ago, and a year-on-year decrease of 20.0% two weeks ago.

In the 34th week of the 2021/22 season, U.S. soybean export inspections reached 78.1% of the USDA forecast target, compared with 77.7% 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 %.