Weekly Export Sales

Soybean export sales for the 2016/17 marketing year fell 67% to 111.2 TMT and were 72% less than the prior 4-week average of 395.6 TMT. New crop sales totaled 3.8 TMT, down 99% week over week and lifting combined season sales to 115 TMT. Combined crop year sales were down 82% from last week and were less than analyst expectations that ranged from 350 to 750 TMT. 2016/17 export commitments are 106% of the USDA forecast with 11 weeks to go. Current…