As of March 24, the cumulative total of U.S. soybean export inspections decreased by 20.0% year-on-year

WASHINGTON, March 28 News: The U.S. Department of Agriculture’s weekly export inspection report showed that U.S. soybean export inspections last week increased by 13.6% from a week ago and 39.5% from the same period last year.

U.S. soybean export inspections were 628,819 tons for the week ended March 24, 2022, compared to 553,582 tons last week and 450,807 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 43,428,819 tons, a year-on-year decrease of 20.0%, a year-on-year decrease of 20.6% one week ago, and a year-on-year decrease of 21.0% two weeks ago.

In the 32nd week of the 2021/22 season, U.S. soybean export inspections reached 76.4% of the USDA forecast target, compared with 75.1% 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 tonnes), an increase of 40 million bushes from February and a decrease of 7.73 from 2020/21’s 2.265 billion bushes %.