Soybean Weekly Export Inspections

Soybean inspections were also down from last week, we are at a marketing year low of 18.5 million bushels but still consistently running above the year ago level.

We do expect our export inspections to be at or above the level needed to reach USDA export forecast on a consistent basis through the rest of the Summer.

Wheat Weekly Export Inspections

Wheat inspections down to just 8.7 million bushels, that’s the lowest going back to the month of January.

We have been running below the level needed, but year to date inspections are down 20% and USDA is projecting that wheat exports will be down 20.9 and so with just 3 weeks left in the marketing year it appears that US exports of wheat could be fairly close to the estimate.