Export Sales Report May 16

Export Sales Report May 16

Last week’s wheat export sales pace was estimated at 2.9 MB. After 49 weeks, wheat sales were at 97% of USDA’s expectations vs. 91% last year. With 3 weeks left in wheat’s export marketing year, sales need to average 8.3 MB to make USDA’s projection of 720 MB.

Last week’s corn export sales pace was estimated at 29.2 MB. After 36 weeks, corn sales were at 89% of USDA’s expectations vs. 90% last year. With 16 weeks left in corn’s export marketing year, sales need to average 15.4 MB to make USDA’s projection of 2.150 BB.

Last week’s soybean export sales pace was estimated at 9.8 MB. After 36 weeks, soybean sales were at 92% of USDA’s expectations vs. 94% last year. With 16 weeks left in soybean’s export marketing year, sales need to average 8.4 MB to make USDA’s projection of 1.700 BB.

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