date:Feb 06, 2013
ored the bear camp.
Grain inspections failed to impress the market and shipments for the week ending January 31st were pegged at 15.2 million bushels vs. 22.3 the week prior.
Shipments needed each week to reach the USDA export estimates are 26.1 million bushels, up from 25.5 the week prior.
The cumulative shipment pace is now 57 per cent of the USDA export estimate vs. the 5 year average of 65 per cent.
The slow pace of sales and shipments is considered a negative to the price outlook and so