date:Dec 19, 2012
March corn traded lower throughout the day amid another round of weak demand side data. Inspections for the week ending December 13th were pegged at 15.02 million bushels which fell in line with market estimates and was up from 7.9 million last week.
Traders viewed the data as negative to price action after the volume needed to ship each week grew to 24.52 million bushels vs. 24.3 the week prior.
Cumulative inspections are now 20 per cent of the current USDA estimate vs. the 5 year average o