Washington, May 16 News: The U.S. Department of Agriculture’s weekly export inspection report showed that last week’s U.S. soybean export inspections increased 55.5% from a week earlier and 152.6% higher than the same period last year.
U.S. soybean export inspections were 784,187 tonnes for the week ended May 12, 2022, compared to 504,441 tonnes last week and 310,408 tonnes a year earlier.
So far, the total amount of U.S. soybean export inspections in 2021/22 (starting on September 1) has reached 48,498,581 tons, a year-on-year decrease of 13.8%, a year-on-year decrease of 14.7% one week ago, and a year-on-year decrease of 15.2% two weeks ago.
In the 39th week of the 2021/22 season, U.S. soybean export inspections reached 83.3% of the USDA forecast target, compared with 82.9% last week.
In its May 2022 Supply and Demand Report, the USDA forecasts U.S. soybean exports in 2021/22 at 2.140 billion bushels (58.24 million tons), an increase of 25 million bushes from April and a decrease of 5.33 percent from 2.265 billion in 2020/21. %.