Last week’s wheat export sales pace was estimated at 18.5 MB. After 3 weeks, wheat sales were at 26% of USDA’s expectations vs. 27% last year. With 49 weeks left in wheat’s export marketing year, sales need to average 11.7 MB to make USDA’s projection of 775 MB.
Last week’s corn export sales pace was estimated at 29.3 MB. After 42 weeks, corn sales were at 100% of USDA’s expectations vs. 93% last year. With 10 weeks left in corn’s export marketing year, sales are 8.2 MB over USDA’s projection of 3.325 BB.
Last week’s soybean export sales pace was estimated at 16.7 MB. After 42 weeks, soybean sales were at 99% of USDA’s expectations vs. 96% last year. With 10 weeks left in soybeans’ export marketing year, sales need to average 208,000 bushels to make USDA’s projection of 1.510 BB.
