Last week’s wheat export shipments pace was estimated at 16.1 MB. After 6 weeks, wheat shipments were at 10% of USDA’s expectations vs. 11% last year. With 46 weeks left in wheat’s export marketing year, shipments need to average 16.7 MB to make USDA’s projection of 850 MB.
Last week’s corn export shipments pace was estimated at 50.7 MB. After 45 weeks, corn shipments were at 83% of USDA’s expectations vs. 78% last year. With 7 weeks left in corn’s export marketing year, shipments need to average 50.6 MB to make USDA’s projection of 2.750 BB.
Last week’s soybean export shipments pace was estimated at 5.4 MB. After 45 weeks, soybean shipments were at 91% of USDA’s expectations vs. 90% last year. With 7 weeks left in soybean’s export marketing year, shipments need to average 22.8 MB to make USDA’s projection of 1.865 BB.
