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Palouser
Senior Advisor

Export inspections still strong

Corn and beans good, wheat nearly 50% greater than last year.

 

 

 

DJ USDA Grain Inspections For Export-Nov 12

 

Source: USDA

 

                    Grains Inspected and/or Weighed for Export

 

                                 (1,000 Bushels)

 

 

 

Grain                --------Week Ending--------    Current     Previous

 

                11/08/13   11/1/2013   11/9/2012  Market Year Market Year

 

                                                    to Date     to Date

 

BARLEY                38          32           4       3,060       5,451

 

CORN              16,701      31,356       9,463     223,410     168,208

 

FLAXSEED               7          38           3          73          11

 

MIXED                  0           0           0           0           0

 

OATS                   0           0           0          82         418

 

RYE                    0           0           0           0           4

 

SORGHUM              463       1,243       2,592      27,893      22,314

 

SOYBEANS          79,697      80,471      64,661     418,142     435,827

 

SUNFLOWER              0           0           0           0           0

 

WHEAT             12,228       8,911      10,458     610,640     427,311

Total            109,134     122,051      87,181   1,283,300   1,059,544

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3 Replies
pritchh
Senior Contributor

Re: Export inspections still strong

world use barely changes, inches up over time.

US filling needs now and other will chime in as teh mkting year progresses.

Cho WZ is within 10 pennies of contract lows.

Bear Mkt for 2 + yrs.

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Palouser
Senior Advisor

As usual, you are wrong again.

You shouldn't be a victim of your prejudices Pritchh. With the internet the actual numbers are at your finger tips. Information is king.

 

"world use barely changes, inches up over time."  

 

In fact, wheat production has leapt up dramatically, and consumption did the same. The numbers are here. 

 

http://www.fas.usda.gov/psdonline/psdreport.aspx?hidReportRetrievalName=BVS&hidReportRetrievalID=750...

 

The result? Even though production has leapt up about 50 MMT inventories will remain BELOW the 5 year average. Unexpected? I wouldn't have necessarily predicted that. But that's what information is for. It counters thinking prejudiced by assumptions.

 

Yeah, I feel for the SRW guys, though little is the primary crop in those areas where it is grown. Luckily, in my area, we are at an 80 cent premium to Chicago and the price has been stable.

 

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c-x-1
Veteran Advisor

Re: As usual, you are wrong again.

FWIW - someone mentioned being entertained on here recently; was it RT?

 

Anywho, I am entertained by some of the extraordinarily creative spelling on some of these threads.Smiley Happy

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