Last week’s wheat export sales pace was estimated at 11.5 MB. After 13 weeks, wheat sales were at 41% of USDA’s expectations vs. 50% last year. With 39 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 net cancellations of 32.7 MB. After 51 weeks, corn sales were at 101% of USDA’s expectations vs. 96% last year. With 1 week left in corn’s export marketing year, sales are 22.0 MB over USDA’s projection of 3.400 BB.
Last week’s soybean export sales pace was estimated at net cancellations of 3.5 MB. After 51 weeks, soybean sales were at 101% of USDA’s expectations vs. 99% last year. With 1 week left in soybeans’ export marketing year, sales are 18.0 MB over USDA’s projection of 1.520 BB.
