Last week’s wheat export sales pace was estimated at 11.5 MB. After 5 weeks, wheat sales were at 29% of USDA’s expectations vs. 31% last year. With 47 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 22.3 MB. After 44 weeks, corn sales were at 101% of USDA’s expectations vs. 96% last year. With 8 weeks left in corn’s export marketing year, sales are 49.0 MB over USDA’s projection of 3.325 BB.
Last week’s soybean export sales pace was estimated at 2.0 MB. After 44 weeks, soybean sales were at 100% of USDA’s expectations vs. 98% last year. With 8 weeks left in soybeans’ export marketing year, sales are 1.0 MB over USDA’s projection of 1.510 BB.
