Weekly Export Sales

Soybean export sales for the 2016/17 marketing year increased 20% to 381.4 TMT but was 12% less than the prior 4-week average of 435 TMT. New crop sales totaled 70 TMT, up noticeably week over week and lifting combined season sales to 451.4 TMT. Combined sales were up 36% from last week and within analyst expectations that ranged from 250 to 550 TMT. 2016/17 export commitments are 102% of the USDA forecast with 17 weeks to go. Current sales are…