Last week’s wheat export sales pace was estimated at 12.0 MB. After 15 weeks, wheat sales were at 43% of USDA’s expectations vs. 53% last year. With 37 weeks left in wheat’s export marketing year, sales need to average 11.9 MB to make USDA’s projection of 775 MB.
Last week’s corn export sales pace was estimated at 40.4 MB. After 2 weeks, corn sales were at 21% of USDA’s expectations vs. 27% last year. With 50 weeks left in corn’s export marketing year, sales need to average 51.8 to make USDA’s projection of 3.275 BB.
Last week’s soybean export sales pace was estimated at 62.5 MB. After 2 weeks, soybean sales were at 45% of USDA’s expectations vs. 25% last year. With 50 weeks left in soybeans’ export marketing year, sales need to average 18.5 MB to make USDA’s projection of 1.685 BB.
