Weekly Export Sales

Soybean export sales for the 2016/17 marketing year fell 7% to 355.3 TMT and were 17% less than the prior 4-week average of 429.8 TMT. New crop sales totaled 41.5 TMT, down 41% week over week and lifting combined season sales to 396.8 TMT. Combined sales were down 12% from last week and within analyst expectations that ranged from 300 to 650 TMT. 2016/17 export commitments are 103% of the USDA forecast with 16 weeks to go. Current sales are 22%…