Last week’s wheat export sales pace was estimated at 9.8 MB. After 40 weeks, wheat sales were at 83% of USDA’s expectations vs. 85% last year. With 12 weeks left in wheat’s export marketing year, sales need to average 11.3 MB to make USDA’s projection of 775 MB.
Last week’s corn export sales pace was estimated at 55.6 MB. After 26 weeks, corn sales were at 65% of USDA’s expectations vs. 80% last year. With 26 weeks left in corn’s export marketing year, sales need to average 24.7 MB to make USDA’s projection of 1.850 BB.
Last week’s soybean export sales pace was estimated at net cancellations of 852,400 bushels. After 26 weeks, soybean sales were at 89% of USDA’s expectations vs. 89% last year. With 26 weeks left in soybean’s export marketing year, sales need to average 8.6 MB to make USDA’s projection of 2.015 BB.
