date:Aug 22, 2012
umulative export inspections (adjusted by Census Bureau estimates through June) totaled 1.3 billion bushels. Shipments will need to average about 16 million bushels per week for the next three weeks to reach the USDA projection. Shipments for the 7 weeks ended August 9 averaged 15.5 million bushels per week. It appears that exports for the year will be very close to the USDA projection. If so, stocks of old crop soybeans on September 1 could be 10 to 15 million bushels less than the current fore