Last week’s wheat export sales pace was estimated at net cancellations of 492,000 bushels. After 50 weeks, wheat sales were at 96% of USDA’s expectations vs. 98% last year. With 2 weeks left in wheat’s export marketing year, sales need to average 15.6 MB to make USDA’s projection of 820 MB.
Last week’s corn export sales pace was estimated at 46.9 MB. After 37 weeks, corn sales were at 96% of USDA’s expectations vs. 85% last year. With 15 weeks left in corn’s export marketing year, sales need to average 7.2 MB to make USDA’s projection of 2.600 BB.
Last week’s soybean export sales pace was estimated at 11.3 MB. After 37 weeks, soybean sales were at 96% of USDA’s expectations vs. 93% last year. With 15 weeks left in soybean’s export marketing year, sales need to average 5.0 MB to make USDA’s projection of 1.850 BB.
