Wheat: Weekly Export Inspections

Wheat export inspections came in at 18.7 mb. That was well below the level needed to reach USDA’s export forecast. It does appear exports will fall short of USDA’s estimate in the wheat market. The one thing that is worth noting is that U.S. food assistance, donation, and aid does not show up in some of the weekly export inspection numbers and if that was much larger than normal we could still come close to USDA’s number. Again, we believe wheat exports will fall short by 10-15 mb from USDA’s current export estimate.