Export Sales Report May 2

Export Sales Report May 2

Last week’s wheat export sales pace was estimated at net cancellations of 746,000 bushels. After 47 weeks, wheat sales were at 97% of USDA’s expectations vs. 92% last year. With 5 weeks left in wheat’s export marketing year, sales need to average 3.9 MB to make USDA’s projection of 710 MB.

Last week’s corn export sales pace was estimated at 29.9 MB. After 34 weeks, corn sales were at 88% of USDA’s expectations vs. 90% last year. With 18 weeks left in corn’s export marketing year, sales need to average 14.4 MB to make USDA’s projection of 2.100 BB.

Last week’s soybean export sales pace was estimated at 15.2 MB. After 34 weeks, soybean sales were at 91% of USDA’s expectations vs. 94% last year. With 18 weeks left in soybean’s export marketing year, sales need to average 8.9 MB to make USDA’s projection of 1.700 BB.

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