Last week’s wheat export sales pace was estimated at 10.5 MB. After 8 weeks, wheat sales were at 33% of USDA’s expectations vs. 39% last year. With 44 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 14.3 MB. After 47 weeks, corn sales were at 103% of USDA’s expectations vs. 97% last year. With 5 weeks left in corn’s export marketing year, sales are 99.0 MB over USDA’s projection of 3.325 BB.
Last week’s soybean export sales pace was estimated at 11.1 MB. After 47 weeks, soybean sales were at 101% of USDA’s expectations vs. 99% last year. With 5 weeks left in soybeans’ export marketing year, sales are 12 MB over USDA’s projection of 1.520 BB.
