Weekly Export Sales

Soybean export sales for the 2016/17 marketing year hit a marketing year low of 87.5 thousand metric tons (TMT), down 91% from last week and 94% less than the prior 4-week average. New crop sales of 0.2 TMT were 4.9 TMT less than what was sold the prior week, bringing combined season sales to 87.7 TMT. Combined sales were down 91% week over week. Export sales were less than analyst expectations that ranged from 500 to 1,500 TMT. 2016/17 export…