Wheat exports were good, up near the upper end of expectations at 478 thousand tons.
That is well above the level needed to reach the USDA export forecast.
Wheat: Weekly Export Sales
Exports
Soybeans: Weekly Export Sales
Soybean sales at 706 thousand tons also okay and within the range of expectations and double the level needed to reach USDA forecast.
This is the time of year we need to continue seeing good exports.
Corn: Weekly Export Sales
Corn sales were okay at 782 thousand tons, that was within the range of expectations and slightly below the level needed to reach the USDA export forecast.
Wheat: Weekly Export Sales
Wheat was very disappointing at 156 thousand tons, but we have had a couple very good weeks over the last month over 500 thousand tons.
Wheat exports are running very close to the level needed to reach the USDA forecast.
Soybeans: Weekly Export Sales
Soybeans were also at the lower end of expectations at 694 thousand tons, that was above the level needed to reach the UDSA forecast.
But this is well below last year.
Soybean exports are running at a pace that’s fairly close to the UDSA’s current projections.
Corn: Weekly Export Sales
Corn sales down to 603 thousand tons, that was at the lower end of the range of expectations and below the level needed for the first time in 3 weeks.
Corn sales continue to run at a pace that USDA is going to have to lower the export forecast.
Wheat: Weekly Export Sales
Wheat sales down from last week but 348 thousand tons is still above the level needed to reach the USDA forecast.
USDA’s estimates for wheat exports are only 775 million bushels, that tied for the lowest number in 15-20 years.
Soybean: Weekly Export Sales
Soybean export sales down from last week at 830 thousand tons, that may be above the level needed but this is the tie of year we need to be seeing big exports.
USDA is likely to leave its export forecast unchanged in next weeks crop report.
