Inspections Report Bullish For Corn, Soybeans And Wheat

OMAHA (DTN) -- Corn, soybean and wheat inspections were all bullish in this week's export inspections report, according to DTN Analyst Todd Hultman.Corn weekly export inspections were 34.5 million bushels (875,976 metric tons) for the week ending Thursday, Nov. 17. This is above 19.7 mb for the same week a year ago. Inspections for 2016-17 totaled 462 million bushels, up 83% from the previous year and well above USDA's projected 17% demand increase. Monday's report was bullish for corn, Hultman said.Soybean weekly export inspections were 98.0 mb (2,666,079 mt) for the week ending Nov. 17. This is above 68.1 mb for the same week a year ago. Inspections for 2016-17 total 805 million bushels, up 21% from the previous year and above USDA's projected 6% demand increase. Monday's report was bullish for soybeans, Hultman said.Wheat weekly export inspections were 15.8 mb (429,770 mt) for the week ending Nov. 17. This is above 10.0 mb for the same week a year ago. Marketing-year inspections for 2016-17 total 473 mb, up 29% from the previous year and above USDA's projected 26% demand increase. Monday's report was bullish for wheat, Hultman said.