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Mark Soderberg at ADM Investor Services said, “Prices were $.06-$.07 lower today giving back a large part of Friday’s gains. Spreads also weakened. Export inspections at 59.5 mil. bu., were at the high end of expectations and just above the 57 mil. needed per week to reach the revised USDA forecast. YTD inspections at 85 mil. bu. are up 106% from YA vs. the USDA forecast of up 5%.” Brandon Doherty at Total Farm Marketing said, “Weekly export inspections were strong for the week ending September 11. For that week, the USDA reported inspections at 1.512 MMT (59.5 mb). This total was above expectations, and shipments for the start of the marketing year, September 1, are 106% over last year.”
