Last week’s wheat export sales pace was estimated at 10.7 MB. After 7 weeks, wheat sales were at 31% of USDA’s expectations vs. 36% last year. With 45 weeks left in wheat’s export marketing year, sales need to average 11.8 MB to make USDA’s projection of 775 MB.
Last week’s corn export sales pace was estimated at 13.1 MB. After 46 weeks, corn sales were at 103% of USDA’s expectations vs. 96% last year. With 6 weeks left in corn’s export marketing year, sales are 85.0 MB over USDA’s projection of 3.325 BB.
Last week’s soybean export sales pace was estimated at 2.1 MB. After 46 weeks, soybean sales were at 100% of USDA’s expectations vs. 99% last year. With 6 weeks left in soybeans’ export marketing year, sales are 400,000 bu. over USDA’s projection of 1.520 BB.
