Last week’s wheat export shipments pace was estimated at 26.9 MB. After 7 weeks, wheat shipments were at 13% of USDA’s expectations vs. 12% last year. With 45 weeks left in wheat’s export marketing year, shipments need to average 16.4 MB to make USDA’s projection of 850 MB.
Last week’s corn export shipments pace was estimated at 38.7 MB. After 46 weeks, corn shipments were at 84% of USDA’s expectations vs. 80% last year. With 6 weeks left in corn’s export marketing year, shipments need to average 72.4 MB to make USDA’s projection of 2.750 BB.
Last week’s soybean export shipments pace was estimated at 13.4 MB. After 46 weeks, soybean shipments were at 92% of USDA’s expectations vs. 92% last year. With 6 weeks left in soybean’s export marketing year, shipments need to average 24.4 MB to make USDA’s projection of 1.865 BB.
