date:Jan 21, 2013
DA putting wheat-inspected-for-export at 10.598 mb vs. estimates for 11-17 mb.
This well behind the 27.017 mb needed this week to stay on pace with USDAs demand projection of 1.050 bb. Basis levels for wheat were steady-to-firm. The Soft Red Winter wheat basis index was placed at -24.0/bu under CBOT March futures; 2.0/bu better than last report. Hard Red Winter Wheat basis index was placed at -44.0/bu under Kansas City March futures; 6.0/bu cents over last report. Hard Red Spring Wheat average