Soybean inspections increased to 35.7 million bushels, that is a huge number. Typically, when we see export inspections for soybeans declining, we are seeing our exports increasing.

This is primarily due to massive crop losses in South America due to the drought in November-February.

Soybean export inspections certainly a positive and we expect them to remain strong at or above the level needed for an extended period of time.

USDA will certainly be raising its export forecast in the crop report come May-July timeframe.