Last week’s wheat export sales pace was estimated at net cancellations of 1.8 MB. After 51 weeks, wheat sales were at 95% of USDA’s expectations vs. 97% last year. With 1 week left in wheat’s export marketing year, sales need to average 37.8 MB to make USDA’s projection of 820 MB.
Last week’s corn export sales pace was estimated at 37.1 MB. After 39 weeks, corn sales were at 98% of USDA’s expectations vs. 88% last year. With 13 weeks left in corn’s export marketing year, sales need to average 2.7 MB to make USDA’s projection of 2.600 BB.
Last week’s soybean export sales pace was estimated at 7.1 MB. After 39 weeks, soybean sales were at 97% of USDA’s expectations vs. 95% last year. With 13 weeks left in soybean’s export marketing year, sales need to average 4.7 MB to make USDA’s projection of 1.850 BB.
