date:Dec 19, 2012
ost. Inspections for the week ending December 13th were reported at 16.4 million bushels, up from 13.9 last week.
Shipments needed each week to reach the USDA export estimate are now 22.9 million bushels, up 263,000 bushels week over week. Cumulative inspections are now 47 per cent of the USDA estimate vs. the 5 year average of 55 per cent.
CIF wheat basis was steady on the day as futures trended lower. Many expect export demand for Soft Red Winter wheat to pick up just after the New Year.