Last week’s wheat export sales pace was estimated at 9.8 MB. After 16 weeks, wheat sales were at 44% of USDA’s expectations vs. 55% last year. With 36 weeks left in wheat’s export marketing year, sales need to average 12.0 MB to make USDA’s projection of 775 MB.
Last week’s corn export sales pace was estimated at 33.0 MB. After 3 weeks, corn sales were at 22% of USDA’s expectations vs. 30% last year. With 49 weeks left in corn’s export marketing year, sales need to average 52.2 to make USDA’s projection of 3.275 BB.
Last week’s soybean export sales pace was estimated at 21.4 MB. After 3 weeks, soybean sales were at 46% of USDA’s expectations vs. 26% last year. With 49 weeks left in soybeans’ export marketing year, sales need to average 18.5 MB to make USDA’s projection of 1.685 BB.
