Last week’s wheat export sales pace was estimated at net cancellations of 23.6 MB (mostly sales that rolled to the next crop year). After 51 weeks, wheat sales were at 95% of USDA’s expectations vs. 95% last year. With 1 week left in wheat’s export marketing year, sales need to average 42.4 MB to make USDA’s projection of 910 MB.
Last week’s corn export sales pace was estimated at 34.8 MB. After 39 weeks, corn sales were at 98% of USDA’s expectations vs. 90% last year. With 13 weeks left in corn’s export marketing year, sales need to average 6.2 MB to make USDA’s projection of 3.300 BB.
Last week’s soybean export sales pace was estimated at 10.2 MB. After 39 weeks, soybean sales were at 96% of USDA’s expectations vs. 95% last year. With 13 weeks left in soybeans’ export marketing year, sales need to average 4.8 MB to make USDA’s projection of 1.530 BB.
