Soybean: Weekly Export Inspections

Today’s inspections at 4.7 mb, a marketing year low and well below the level needed to reach USDA’s export forecast. But because of the massive exports that we saw in the Oct through Feb timeframe we’re ahead of pace. Year to date we’ve exported 56.8% more than a year ago. USDA’s projecting we’ll export 35.6%. We are currently on track to reach USDA’s target as long as we can see export inspections rebound a little bit as we move through the balance of the summer.