Last week’s wheat export shipments pace was estimated at 17.7 MB. After 20 weeks, wheat shipments were at 49% of USDA’s expectations vs. 41% last year. With 32 weeks left in wheat’s export marketing year, shipments need to average 15.3 MB to make USDA’s projection of 900 MB.
Last week’s corn export shipments pace was estimated at 51.9 MB. After 7 weeks, corn shipments were at 12% of USDA’s expectations vs. 8% last year. With 45 weeks left in corn’s export marketing year, shipments need to average 57.9 MB to make USDA’s projection of 2.975 BB.
Last week’s soybean export shipments pace was estimated at 54.2 MB. After 7 weeks, soybean shipments were at 12% of USDA’s expectations vs. 16% last year. With 45 weeks left in soybeans’ export marketing year, shipments need to average 32.9 MB to make USDA’s projection of 1.685 BB.
