Weekly Export Sales

Soybean export sales for the 2016/17 marketing year declined 45% to 539.4 TMT and were 10% less than the prior 4-week average. New crop sales came in as at 126 TMT, up 59.3 TMT from last week and bringing combined season sales to 665.4 TMT. Combined sales were 36.40% less week over week, but were within analyst expectations that ranged from 300 to 850 TMT. 2016/17 export commitments are 89% of the USDA forecast with 32 weeks to go. Current sales…