Last week’s wheat export sales pace was estimated at 11.0 MB. After 4 weeks, wheat sales were at 27% of USDA’s expectations vs. 29% last year. With 48 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 28.8 MB. After 43 weeks, corn sales were at 101% of USDA’s expectations vs. 94% last year. With 9 weeks left in corn’s export marketing year, sales are 37.0 MB over USDA’s projection of 3.325 BB.
Last week’s soybean export sales pace was estimated at 1.5 MB. After 43 weeks, soybean sales were at 99% of USDA’s expectations vs. 97% last year. With 9 weeks left in soybeans’ export marketing year, sales need to average 61,000 bushels to make USDA’s projection of 1.510 BB.
