Last week’s wheat export shipments pace was estimated at 18.6 MB. After 18 weeks, wheat shipments were at 42% of USDA’s expectations vs. 38% last year. With 34 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 63.0 MB. After 5 weeks, corn shipments were at 9% of USDA’s expectations vs. 6% last year. With 47 weeks left in corn’s export marketing year, shipments need to average 57.7 MB to make USDA’s projection of 2.975 BB.
Last week’s soybean export shipments pace was estimated at 28.2 MB. After 5 weeks, soybean shipments were at 7% of USDA’s expectations vs. 7% last year. With 47 weeks left in soybeans’ export marketing year, shipments need to average 33.5 MB to make USDA’s projection of 1.685 BB.
