Last week’s wheat export sales pace was estimated at 20.9 MB. After 5 weeks, wheat sales were at 34% of USDA’s expectations vs. 32% last year. With 47 weeks left in wheat’s export marketing year, sales need to average 11.5 MB to make USDA’s projection of 825 MB.
Last week’s corn export sales pace was estimated at 49.7 MB. After 44 weeks, corn sales were at 103% of USDA’s expectations vs. 93% last year. With 8 weeks left in corn’s export marketing year, sales are 81.0 MB over USDA’s projection of 2.650 BB.
Last week’s soybean export sales pace was estimated at 18.5 MB. After 44 weeks, soybean sales were at 100% of USDA’s expectations vs. 97% last year. With 8 weeks left in soybean’s export marketing year, sales are 3.7 MB over USDA’s projection of 1.850 BB.
