Corn inspections bullish, soybean inspections neutral to bullish and wheat inspections neutral to bearish

OMAHA (DTN) -- Corn inspections were bullish again while soybean inspections were neutral to bullish and wheat inspections were neutral to bearish, according to DTN Analyst Todd Hultman.Corn weekly export inspections were 45.4 million bushels (1,152,233 metric tons) for the week ending Thursday, Feb. 16. This is above 35.8 mb for the same week a year ago. Inspections for 2016-17 totaled 961 million bushels, up 74% from the previous year and well above USDA's projected 17% demand increase. Tuesday's report remained bullish for corn, Hultman said.Soybean weekly export inspections were 39.6 mb (1,076,390 mt) for the week ending Feb. 16. This is below 56.8 mb for the same week a year ago. Inspections for 2016-17 total 1.568 billion bushels, up 14% from the previous year and above USDA's projected 6% demand increase. Tuesday's report was neutral to bullish for soybeans, Hultman said.Wheat weekly export inspections were 20.5 mb (558,252 mt) for the week ending Feb. 16. This is above 9.9 mb for the same week a year ago. Marketing-year inspections for 2016-17 total 675 mb, up 27% from the previous year and below USDA's projected 32% demand increase. Tuesday's report was neutral to bearish for wheat, Hultman said.