Last week’s wheat export sales pace was estimated at net cancellations of 1.5 MB. After 50 weeks, wheat sales were at 90% of USDA’s expectations vs. 92% last year. With 2 weeks left in wheat’s export marketing year, sales need to average 40.1 MB to make USDA’s projection of 775 MB.
Last week’s corn export sales pace was estimated at net cancellations of 13.3 MB. After 36 weeks, corn sales were at 84% of USDA’s expectations vs. 94% last year. With 16 weeks left in corn’s export marketing year, sales need to average 17.3 MB to make USDA’s projection of 1.775 BB.
Last week’s soybean export sales pace was estimated at 625,000 bushels. After 36 weeks, soybean sales were at 93% of USDA’s expectations vs. 101% last year. With 16 weeks left in soybean’s export marketing year, sales need to average 9.3 MB to make USDA’s projection of 2.015 BB.
