Last week’s wheat export sales pace was estimated at 19.1 MB. After 11 weeks, wheat sales were at 48% of USDA’s expectations vs. 41% last year. With 41 weeks left in wheat’s export marketing year, sales need to average 11.0 MB to make USDA’s projection of 875 MB.
Last week’s corn export sales pace was estimated at net cancellations of 1.1 MB. After 50 weeks, corn sales were at 98% of USDA’s expectations vs. 97% last year. With 2 weeks left in corn’s export marketing year, sales need to average 22.1 MB to make USDA’s projection of 2.820 BB.
Last week’s soybean export sales pace was estimated at net cancellations of 209,000 bushels. After 50 weeks, soybean sales were at 100% of USDA’s expectations vs. 99% last year. With 2 weeks left in soybean’s export marketing year, sales are 3 MB over USDA’s projection of 1.875 BB.
