U.S. soybean export inspections fell last week, down 12% from the same period last year
——As of November 25, the cumulative total of US soybean export inspections decreased by 22.6% year-on-year
News from Washington, November 29: The weekly export inspection report issued by the US Department of Agriculture showed that the volume of US soybean export inspections last week decreased by 11.9% compared with a week ago, and decreased by 11.6% compared with the same period last year.
For the week ending November 25, 2021, the US soybean export inspection volume was 2,142,844 tons, last week was 2,431,895 tons, and last year was 2,424,357 tons.
So far, the total amount of US soybean export inspections for the 2021/22 (starting on September 1) has reached 21,123,202 tons, a decrease of 22.6% year-on-year, a year-on-year decrease of 26.9% a week ago, and a year-on-year decrease of 28.2% two weeks ago.
In the 15th week of the 2021/22 season, the US soybean export inspection volume reached 37.9% of the US Department of Agriculture’s forecast target.
In the November 2021 Supply and Demand Report, the U.S. Department of Agriculture predicts that the US soybean export volume in the year of 2021/22 is expected to be 2.050 billion cats (55.79 million tons), which is lower than the 2.190 billion cats predicted last month and compared with the 2.265 billion cats in 2020/21. A reduction of 9.49%.