date:Feb 06, 2013
Only 11.2 million bushels are needed to ship each week to hit the current USDA forecast.
The cumulative shipment pace is now 75 per cent of the USDA export estimate vs. the 5 year average of 58 per cent. The explosive sales and shipment pace continues to send positive vibes through the market but early gains were linked to unimpressive weekend rainfall in Argentina and a dry outlook for this week.
Crop analysts are beginning to trim Argentina soybean production for this year but most continue