Last week’s wheat export sales pace was estimated at 13.9 MB. After 15 weeks, wheat sales were at 53% of USDA’s expectations vs. 48% last year. With 37 weeks left in wheat’s export marketing year, sales need to average 11.3 MB to make USDA’s projection of 900 MB.
Last week’s corn export sales pace was estimated at 48.5 MB. After 2 weeks, corn sales were at 32% of USDA’s expectations vs. 20% last year. With 50 weeks left in corn’s export marketing year, sales need to average 40.7 MB to make USDA’s projection of 2.975 BB.
Last week’s soybean export sales pace was estimated at 33.9 MB. After 2 weeks, soybean sales were at 22% of USDA’s expectations vs. 31% last year. With 50 weeks left in soybeans’ export marketing year, sales need to average 26.1 MB to make USDA’s projection of 1.685 BB.
