date:Dec 19, 2012
spections for the week ending December 13th were pegged at 36.9 million bushels which was slightly below market estimates and against 46.6 million bushels last week.
Only 17.6 million bushels are needed each week to reach this crop years USDA estimate, down from 18.1 last week. The cumulative inspection pace is 51 per cent of the USDA estimate vs. the 5 year average of 39 per cent.
Additional support stems from a staggering domestic crush rate. September through November crush is estimated a