Last week’s wheat export shipments pace was estimated at 12.3 MB. After 9 weeks, wheat shipments were at 14% of USDA’s expectations vs. 16% last year. With 43 weeks left in wheat’s export marketing year, shipments need to average 15.5 MB to make USDA’s projection of 775 MB.
Last week’s corn export shipments pace was estimated at 74.2 MB. After 48 weeks, corn shipments were at 91% of USDA’s expectations vs. 84% last year. With 4 weeks left in corn’s export marketing year, shipments need to average 70.7 MB to make USDA’s projection of 3.325 BB.
Last week’s soybean export shipments pace was estimated at 12.6 MB. After 48 weeks, soybean shipments were at 95% of USDA’s expectations vs. 93% last year. With 4 weeks left in soybeans’ export marketing year, shipments need to average 18.5 MB to make USDA’s projection of 1.520 BB.
