date:Dec 28, 2012
week to reach the current USDA estimate are 16.7 million bushels, down from 17.4 last week.
The cumulative inspection pace is now 55 per cent of the USDA export estimate vs. the 5 year average of 42 per cent. Traders were also concerned that a Longshoremen's strike at grain terminals in the PNW might stop or disrupt the loading of vessels which could result in canceled sales.
Outside markets offered very little support today as US Stocks traded lower and the weaker US Dollar failed to suppor