Last week’s wheat export shipments pace was estimated at 14.4 MB. After 3 weeks, wheat shipments were at 5% of USDA’s expectations vs. 3% last year. With 49 weeks left in wheat’s export marketing year, shipments need to average 15.1 MB to make USDA’s projection of 775 MB.
Last week’s corn export shipments pace was estimated at 57.3 MB. After 42 weeks, corn shipments were at 79% of USDA’s expectations vs. 74% last year. With 10 weeks left in corn’s export marketing year, shipments need to average 68.4 MB to make USDA’s projection of 3.325 BB.
Last week’s soybean export shipments pace was estimated at 8.9 MB. After 42 weeks, soybean shipments were at 90% of USDA’s expectations vs. 89% last year. With 10 weeks left in soybeans’ export marketing year, shipments need to average 15.6 MB to make USDA’s projection of 1.510 BB.
