As of January 13, the cumulative total of U.S. soybean export inspections decreased by 23.0% year-on-year
WASHINGTON, Jan. 18: The U.S. Department of Agriculture’s weekly export inspection report showed that U.S. soybean export inspections last week increased 74.6 percent from a week earlier, but were still down 26.1 percent from the same period last year.
U.S. soybean export inspections were 1,720,497 tons for the week ended Jan. 13, 2022, compared to 985,455 tons last week and 2,326,710 tons a year earlier.
So far, the total amount of U.S. soybean export inspections in 2021/22 (starting on September 1) has reached 33,447,982 tons, a year-on-year decrease of 23.0%, a year-on-year decrease of 23.1% one week ago, and a 22.7% year-on-year decrease two weeks ago.
In the 22nd week of the 2021/22 season, U.S. soybean export inspections reached 60.0% of the USDA forecast target, compared with 56.7% last week.
In its January 2022 supply and demand report, the U.S. Department of Agriculture forecast U.S. soybean exports in 2021/22 at 2.050 billion bushels (55.79 million tonnes), unchanged from last month’s forecast and down 9.49% from 2.265 billion bushels in 2020/21.