Last week’s wheat export sales pace was estimated at net cancellations of 29.7 MB (mostly sales that rolled to the next crop year). After 51 weeks, wheat sales were at 98% of USDA’s expectations vs. 95% last year. With 1 week left in wheat’s export marketing year, sales need to average 18.8 MB to make USDA’s projection of 910 MB.
Last week’s corn export sales pace was estimated at 40.0 MB. After 38 weeks, corn sales were at 96% of USDA’s expectations vs. 88% last year. With 14 weeks left in corn’s export marketing year, sales need to average 8.3 MB to make USDA’s projection of 3.300 BB.
Last week’s soybean export sales pace was estimated at 11.0 MB. After 38 weeks, soybean sales were at 95% of USDA’s expectations vs. 94% last year. With 14 weeks left in soybeans’ export marketing year, sales need to average 5.2 MB to make USDA’s projection of 1.530 BB.
