Last week’s wheat export sales pace was estimated at 12.5 MB. After 13 weeks, wheat sales were at 46% of USDA’s expectations vs. 41% last year. With 39 weeks left in wheat’s export marketing year, sales need to average 11.5 MB to make USDA’s projection of 825 MB.
Last week’s corn export sales pace was estimated at net cancellations of 6.8 MB. After 51 weeks, corn sales were at 98% of USDA’s expectations vs. 96% last year. With 1 week left in corn’s export marketing year, sales need to average 54.1 MB to make USDA’s projection of 2.250 BB.
Last week’s soybean export sales pace was estimated at net cancellations of 8.4 MB. After 51 weeks, soybean sales were at 98% of USDA’s expectations vs. 99% last year. With 1 week left in soybean’s export marketing year, sales need to average 26.9 MB to make USDA’s projection of 1.700 BB.
