WASHINGTON, March 14: The U.S. Department of Agriculture’s weekly export inspection report showed that U.S. soybean export inspections last week increased 0.5% from a week earlier and 40.8% higher than the same period last year.

U.S. soybean export inspections were 772,719 tons for the week ended March 10, 2022, compared to 768,674 tons last week and 548,951 tons a year earlier.

So far, the total amount of U.S. soybean export inspections in 2021/22 (starting on September 1) has reached 42,150,838 tons, a year-on-year decrease of 21.0%, a year-on-year decrease of 21.6% one week ago, and a year-on-year decrease of 22.1% two weeks ago.

In the 30th week of the 2021/22 season, U.S. soybean export inspections reached 74.1 percent of the USDA’s forecast target, up from 74.2 percent last week.

In the March 2022 Supply and Demand Report, the USDA forecasts U.S. soybean exports in 2021/22 at 2.090 billion bushels (56.88 million tons), an increase of 40 million bushes from February and a decrease of 7.73 percent from 2.265 billion bushes in 2020/21. %.

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