Last week’s wheat export sales pace was estimated at 19.6 MB. After 20 weeks, wheat sales were at 58% of USDA’s expectations vs. 58% last year. With 32 weeks left in wheat’s export marketing year, sales need to average 10.8 MB to make USDA’s projection of 825 MB.
Last week’s corn export sales pace was estimated at 141.8 MB. After 7 weeks, corn sales were at 40% of USDA’s expectations vs. 30% last year. With 45 weeks left in corn’s export marketing year, sales need to average 31.1 MB to make USDA’s projection of 2.325 BB.
Last week’s soybean export sales pace was estimated at 79.1 MB. After 7 weeks, soybean sales were at 48% of USDA’s expectations vs. 48% last year. With 45 weeks left in soybean’s export marketing year, sales need to average 21.5 MB to make USDA’s projection of 1.850 BB.