Weekly Export Sales

Soybean export sales for the 2016/17 marketing year increased 114% to 340.2 TMT but were 15% less than the prior 4-week average of 399.3 TMT. New crop sales totaled 314 TMT, up 42% week over week and lifting combined season sales to 654.2 TMT. Combined crop year sales were up 72% from last week and were within analyst expectations that ranged from 350 to 750 TMT. 2016/17 export commitments are 106% of the USDA forecast with 12 weeks to go. Current…