——As of December 9, the cumulative total of US soybean export inspections decreased by 21.3% year-on-year
Washington, December 13th news: The weekly export inspection report issued by the USDA shows that the volume of US soybean export inspections last week was 26.1% lower than that of a week ago, and 29.9% lower than the same period last year.
For the week ending December 9, 2021, the U.S. soybean export inspection volume was 1,723,970 tons, compared with 2,334,121 tons last week and 2,458,271 tons in the same period last year.
So far, the total amount of US soybean export inspections for the 2021/22 fiscal year (starting on September 1) has reached 25,447,765 tons, a year-on-year decrease of 21.3%, a year-on-year decrease of 21.1% a week ago, and a year-on-year decrease of 22.6% two weeks ago.
In the 17th week of the 2021/22 season, the US soybean export inspection volume reached 45.6% of the USDA forecast target, and last week it reached 42.3%.
The U.S. Department of Agriculture predicted in the December 2021 Supply and Demand Report that U.S. soybean exports in 2021/22 are expected to be 2.050 billion cats (55.79 million tons), which is the same as last month’s forecast, and a decrease of 9.49% from the 2.265 billion cats in 2020/21.