As of July 14, the cumulative total of U.S. soybean export inspections decreased by 9.3% year-on-year

Washington, July 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 1.14% from a week ago and 151.94% higher than the same period last year.

U.S. soybean export inspections were 362,622 tons for the week ended July 14, 2022, compared to 358,527 tons last week and 143,934 tons a year earlier.

So far, in 2021/22 (starting on September 1), the total U.S. soybean export inspection volume has reached 52,538,523 tons, a year-on-year decrease of 9.3%, a year-on-year decrease of 9.7% one week ago, and a year-on-year decrease of 10.2% two weeks ago.

In the 48th week of the 2021/22 season, U.S. soybean export inspections reached 89.0% of the USDA’s revised forecast target, up from 88.3% last week.

USDA’s July 2022 Supply and Demand Report forecasts U.S. soybean exports in 2021/22 at 2.170 billion bushels (59.06 million tonnes), unchanged from June and down 4.02 from the revised 2020/21 export volume of 2.261 billion bushels %. Soybean exports for 2022/23 are forecast at 2.135 billion bushels, down from the June forecast of 2.200 billion bushels.

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