Last week’s wheat export shipments pace was estimated at 14.9 MB. After 14 weeks, wheat shipments were at 25% of USDA’s expectations vs. 31% last year. With 38 weeks left in wheat’s export marketing year, shipments need to average 13.8 MB to make USDA’s projection of 700 MB.
Last week’s corn export shipments pace was estimated at 24.6 MB. After 1 week, corn shipments were at 1% of USDA’s expectations vs. 1% last year. With 51 weeks left in corn’s export marketing year, shipments need to average 39.7 MB to make USDA’s projection of 2.050 BB.
Last week’s soybean export shipments pace was estimated at 11.4 MB. After 1 week, soybean shipments were at 1% of USDA’s expectations vs. 1% last year. With 51 weeks left in soybean’s export marketing year, shipments need to average 35.6 MB to make USDA’s projection of 1.825 BB.
