Last week’s wheat export shipments pace was estimated at 12.9 MB. After 22 weeks, wheat shipments were at 48% of USDA’s expectations vs. 44% last year. With 30 weeks left in wheat’s export marketing year, shipments need to average 15.5 MB to make USDA’s projection of 900 MB.
Last week’s corn export shipments pace was estimated at 65.7 MB. After 9 weeks, corn shipments were at 16% of USDA’s expectations vs. 10% last year. With 43 weeks left in corn’s export marketing year, shipments need to average 58.0 MB to make USDA’s projection of 2.975 BB.
Last week’s soybean export shipments pace was estimated at 35.5 MB. After 9 weeks, soybean shipments were at 17% of USDA’s expectations vs. 25% last year. With 43 weeks left in soybeans’ export marketing year, shipments need to average 32.5 MB to make USDA’s projection of 1.685 BB.
