Last week’s wheat export sales pace was estimated at 21.3 MB. After 12 weeks, wheat sales were at 51% of USDA’s expectations vs. 44% last year. With 40 weeks left in wheat’s export marketing year, sales need to average 10.8 MB to make USDA’s projection of 875 MB.
Last week’s corn export sales pace was estimated at net cancellations of 701,000 bushels. After 51 weeks, corn sales were at 98% of USDA’s expectations vs. 98% last year. With 1 week left in corn’s export marketing year, sales need to average 45.7 MB to make USDA’s projection of 2.820 BB.
Last week’s soybean export sales pace was estimated at net cancellations of 7.0 MB. After 51 weeks, soybean sales were at 100% of USDA’s expectations vs. 99% last year. With 1 week left in soybean’s export marketing year, sales need to average 5.7 MB to make USDA’s projection of 1.875 BB.
