Weekly Export Sales

Soybean export sales for the 2016/17 marketing year fell 61% to 318.5 TMT and were 33% less than the prior 4-week average of 475.9 TMT. New crop sales totaled 12.8 TMT, down 82% week over week and lifting combined season sales to 331.3 TMT. Combined sales were down 62% from last week and less than analyst expectations that ranged from 350 to 1,000 TMT. 2016/17 export commitments are 103% of the USDA forecast with 18 weeks to go. Current sales are…