Last week’s wheat export sales pace was estimated at 9.4 MB. After 3 weeks, wheat sales were at 29% of USDA’s expectations vs. 25% last year. With 49 weeks left in wheat’s export marketing year, sales need to average 11.9 MB to make USDA’s projection of 825 MB.
Last week’s corn export sales pace was estimated at 29.2 MB. After 42 weeks, corn sales were at 100% of USDA’s expectations vs. 92% last year. With 10 weeks left in corn’s export marketing year, sales are 10.0 MB over USDA’s projection of 2.650 BB.
Last week’s soybean export sales pace was estimated at 14.8 MB. After 42 weeks, soybean sales were at 98% of USDA’s expectations vs. 96% last year. With 10 weeks left in soybean’s export marketing year, sales need to average 3.2 MB to make USDA’s projection of 1.850 BB.
