Last week’s wheat export sales pace was estimated at net cancellations of 5.3 MB. After 46 weeks, wheat sales were at 95% of USDA’s expectations vs. 99% last year. With 6 weeks left in wheat’s export marketing year, sales need to average 6.4 MB to make USDA’s projection of 820 MB.
Last week’s corn export sales pace was estimated at 45.4 MB. After 33 weeks, corn sales were at 89% of USDA’s expectations vs. 79% last year. With 19 weeks left in corn’s export marketing year, sales need to average 14.6 MB to make USDA’s projection of 2.550 BB.
Last week’s soybean export sales pace was estimated at 10.2 MB. After 33 weeks, soybean sales were at 95% of USDA’s expectations vs. 90% last year. With 19 weeks left in soybean’s export marketing year, sales need to average 5.0 MB to make USDA’s projection of 1.825 BB.
